Daily Note

Pardon You? No Pardon Me!

Jan 15, 2021

Thomas Thornton

  • The major indexes are down today yet there isn't much to do since there is no confirmation
  • The big bank earnings were underwhelming and retail sales were a disaster for December
  • Who is Trump going to pardon?  Could be a rather eyebrow-raising list
  • The US Dollar continues to lift and will need a little help.  Perhaps the overly short positioning will squeeze this higher
  • Yields are consolidating the recent gains.  Risk off?
  • I am adding two new commodities as shorts and selling my successful Coffee long idea
  • Monday is a holiday in the US and I will be in only if something crazy happens over the weekend