Another Day Of Trade Optimism

Nov 4, 2019 | Daily Note

  • Another day with the markets up based on "trade optimism"
  • When I looked up on Google "markets trade up on trade optimism" there are 91,000,000 results
  • All of the sentiment polls and indexes are in the extreme bullish zone
  • The reality is all we're getting is a watered-down "Phase 1" 
  • VIX and S&P have signals you should take note of right now
  • The PPO monitor is also looking overly bullish
  • Global bond yields have had a good run but that might be limited here