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Daily Note

The Summer Wind

Aug 22, 2019

Thomas Thornton

  • 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 warns of a lot of risks.  
  • Added to shorts on the Trade Ideas Sheet
  • The wave pattern that I've been expecting has not qualified yet on the S&P but has on the Nasdaq
  • After my appearance on Bloomberg TV yesterday pitching the British Pound as a long... it actually is going higher!
  • And I have a thought provoking read on MMT from a Libertarian
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