Charts Hitting Emerging Money’s Radar – Update
RUSSELL (IWM): The Russell staged a big move off the lows at 960 and has been consolidating for a few weeks above the important 1075 level ( $108 in the $IWM). A golden cross is coming and this...
View ArticleCharts Hitting Emerging Money’s Radar – Update 2
GLEN, X: Resource names may be building another round of momentum to take out recent highs after a sharp pullback took 25% off the run in names like US Steel. The chart in Glencore is similar in that...
View ArticleEmerging Market Chart Review
Rates higher as we wait for Fed minutes. Clearly the short end of the US curve is more fearful of the Fed than the long end. The 2yr note has moved 16bps off the bottom. Another break here takes us...
View ArticleTrading Post-Fed Scare…
Was this a Fed scare or just “getting on with it”, or neither? The fed did not change the path that existed for their next policy move as communicated to us after the April meeting. So what about all...
View ArticleEuropean Shares: What Was Tail Risk is Becoming Tailwind
Biggest beneficiary of waning Brexit fear is Europe. IFO today in Germany better than expected and overall sentiment still on defensive despite ECB ready to roll out more Euros. Watch the chart in $DB...
View ArticleCrucial Time for Gold: Opportune Time For Miners?
Gold has suffered a swift 5.5% move in 7 sessions on the back of the Fed and some signs of more active policy. The Dollar therefore has rallied 4% on the DXY and Gold therefore gets killed right? Yes...
View ArticleEM Weightings By Country: Where We Would Challenge These Views
Using a chart provided by UBS and taken from data from EFPR who compiles an amazing amount of information on fund flows within the investment community and particularly insightful on EM, we want to...
View ArticleWhat We Are Watching: Dollar Realities
We have been stalwarts on saying the Dollar has peaked for this cycle. We also didn’t factor a Brexit vote into the USD path. Binary or not binary in hindsight that approach seems short sighted. We...
View ArticleEmerging Money Daily Audio Call July 21
Emerging Money Daily Audio Call July 21 - On the call today we reference earnings season as we assess how much the SPX and global risk assets can drift higher. A move higher in bond yields is slowly...
View ArticleSPX flashing “overbot” on the charts
As the SPX rallies to a fresh record today on better macro globally and a continuation of a cyclically rally that is encouraging higher rates, technicals are saying be cautious with the extreme level...
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