Daily Note

De-escalate

Jan 8, 2020

Thomas Thornton

  • The recent US Iran threat has now been de-escalated with Iran “standing down” 
  • This is according to President Trump who has a pattern of creating situations and then de-escalating them much to the joy of the markets
  • This market action reminds me of late 2017-January 2018 and the charts look very similar
  • Energy pullback is giving us a chance we were expecting to buy ahead of seasonal strength

 

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