The Summer Wind

The Summer Wind

I am taking tomorrow off so I decided to write a longer note today on something I believe has been building for a while - Central Bank impotence Larry Summers tweeted out a thread of 28 tweets that essentially is saying the Central Banks can't do anything anymore and...
First Call August 22, 2019

First Call August 22, 2019

S&P futures up 0.1% after US equities finished with good gains on Wednesday.Asian markets mixed overnight as Mainland China and Japan closed a touch higher, while Hong Kong and South Korea lagged.European markets on the defensive following yesterday's...
Lower highs or new highs?

Lower highs or new highs?

I'm headed to NYC today to appear on Bloomberg at 2:30pm ESTShort note today highlighting potential for lower high Wave 2 of 5British Pound Sterling is a new long idea.   Might be a week early but feel the risk reward setup is good To access this post, you must...
First Call August 21, 2019

First Call August 21, 2019

I WILL BE ON BLOOMBERG TODAY AT 2:30PM EST WITH ABIGAIL DOOLITTLE "TRADING FUTURES"S&P futures up 0.7% after US equities finished lower in fairly uneventful trading on Tuesday. No great explanation for the strength as market remains in waiting mode for Powell on...
A Pause In Volatility?

A Pause In Volatility?

CNBC had a headline "A Pause In Volatility" and perhaps for a few days or even weeks but looking at the retail sector it doesn't look like a pause in volatility.   I thought a little about confidence and how people buy things and borrow when they are confident and it...