First Call June 24, 2020

First Call June 24, 2020

S&P futures down 0.75%, though off worst levels. Asian markets mostly lower overnight with South Korea and China among the better performers while Japan and Hong Kong declined. European markets under pressure down 1.5%. Treasuries unchanged to slightly firmer at...
First Call June 24, 2020

Three Quick Thoughts Then A Bunch Of Charts

Three quick thoughts:  White House in panic mode?  Currencies starting to make some moves and there might be just a little more upside left Canada - Crazy attribution with Shopify US Sector ETF Update A deeper dive looking at Currencies  Some new Trade Ideas from the...
First Call June 24, 2020

First Call June 23, 2020

S&P futures up 0.8% in Tuesday premarket trading. Asian markets mostly higher overnight with Hong Kong the standout, up over 1.5%. European markets rallying. Treasuries weaker with the curve deepening. Dollar firmer vs yen but extending recent pullback on the euro...
First Call June 24, 2020

Treading Water

The market is treading water with some breadth measures starting to weaken The usual suspects continue to lead I'm covering Tesla and Apple losing shorts and replacing with August put spreads Both of these are very stretched with one making no sense fundamentally and...
First Call June 24, 2020

First Call June 22, 2020

S&P futures up 0.6%, but off best levels. Sentiment starting to make lower highs Asian markets mixed overnight with Hong Kong and South Korea among the laggards while Australia and Taiwan outperformed. European markets mostly higher following a lackluster start....