First Call January 12, 2022

Jan 12, 2022 | First Call

  • S&P futures are up 0.3% after the CPI report comes in at 7% inline with consensus expectations
  • Rates are slightly lower after CPI
  • US Dollar continues to slip lower as that is our call for the coming weeks
  • Hong Kong continues to rise - I still like FXI long
  • I am adding a 2% long position with LULU today. See chart below
  • Several sentiment charts on this note:  S&P, Bitcoin, Crude