Morning Note: Financial Gravity Suspended

Friday is definitely on my top-7 list of favorite days of the week, as it’s the day I score our macro index, so I’ll be keeping this morning’s note short and sweet.

Asian equities closed out the week on somewhat of a negative note, 11 of the 16 markets we track traded lower overnight. Europe’s bouncing big following yesterday’s drubbing, with 17 of the 19 bourses we follow nicely green this morning. US major averages (save for the Russell 2000) are following through on yesterday’s late-day momentum: Dow up 307 points (1.08%), S&P 500 up 0.85%, Nasdaq up 0.94%, Russell 2000 up 0.08%.

The VIX (SP500 implied volatility) is down -2.86%, VXN (Nasdaq vol) is down -3.82%.

Oil futures are off -1.07%, gold’s flat, -0.01%, silver’s up 0.55%, copper futures are down -0.49% and the ag complex is flat, -0.07%.

The 10-year treasury is down (yield up) and the dollar (juicing equity markets this morning) is down -0.23%.

Led by healthcare, Eurozone equities, industrials, materials and tech, our core portfolio is up 0.42% as I type. Energy, banks, gold and ag commodities are a drag.

I’ll leave you with this echo of yours truly’s thinking and experience from one of today’s deepest and most-respected macro thinkers, Artemis Capital’s Christopher Cole:     emphasis mine…

“Flows are the only thing that matters today.

Policymakers sought to stop a credit cycle with liquidity so people mistake liquidity for reality.

Financial gravity suspended, but not indefinitely, “flow guru” trading wins big in short term, but not long run.”

Have a great day!
Marty

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