This Morning’s Log Entry: No Skinny-Dipping!

1/20/2020

UK employment data surprised bigtime to the upside this morning, boosting the pound, while emerging markets are tanking on a Hong Kong downgrade by Moody’s and, more so, on fear over the possibility of a virus epidemic breaking out in Asia. The German Zew Economic confidence index blew away expectations to the upside (supports our Eurozone thesis, and our EWG position). U.S. equities traded lower early on, but have bounced back to even as I type (9am).

Absolutely we’re still experiencing an all-out buy-the-dip mentality, which will work till the ‘big’ money — via, for many, their algorithms — decides FOMO (fear of missing out) has run its course. Could be any of a number of catalysts, but when that bell finally rings (could be awhile!) it’ll get ugly in a hurry, I suspect.

Not a market to be skinny-dipping in!

“Only when the tide goes out do you discover who’s been swimming naked.” –Warren Buffett

Share:

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