This Morning’s Brief Log Entry


While I’ve noted one credible strategist who attributes the past two-day selloff to deteriorating economic forces and threatening technicals, while I sympathize, I completely disagree. I’m with the overwhelming consensus that says the catalyst was the coronavirus, with the technicals playing a role in terms of the speed of yesterday’s decline in particular.

Amid anything but good news on the virus, futures, pre-market, are nonetheless trading up notably (+.61%) this morning.

Clearly, the bulls are betting that the Fed comes to the rescue — or at least won’t upset the apple cart — in their wrap to this month’s policy meeting tomorrow. While fed funds futures are pricing in zero chance of a cut this week, odds of cuts later in the year are on the rise. This, plus the Fed’s willingness to inject liquidity come hell or high water has the bulls feeling very sanguine for now.

Thursday’s US Q4 GDP number will be intensely in focus. The Atlanta Fed’s nowcast predicts 1.8%, the NY Fed’s predicts 1.2%, and Hedgeye’s comes in at 0.3%. Obviously, if Hedgeye has it right the market will react. The consensus among economists is 2.1%.


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat