First Call

Pick A catalyst

Aug 9, 2019

Thomas Thornton

  • Today's note focuses on some of the issues in Europe that could and might go south soon.  Lot's of catalysts with unknown outcomes
  • Adding to short exposure - pressing the lows as perhaps a failure at the 50 day today on many indexes will spark more selling next week
  • The GBP is getting closer to a buy but let's be patient
  • Crude just refuses to give up 
  • Gold should be sold and bought back lower
  • US bonds are touch bid today while European bonds are being sold hard in Italy and a few other countries.  
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