The Dollar breaks out against Euro as ECB flips On Thursday the ECB flipped. After Powell lead the way in January it was about time for Mario to follow suit. After announcing a few dovish policy decisions and most notably that rates would remain unchanged until the end of 2019, the Euro sank to levels … Continue reading Dollar Euro Gold
On Friday the S&P500 closed within ~10 points of the previous week, marking little action as the index pressed up against the 2,800 resistance. Treasuries sold off slightly with the 10 Y hitting 2.759%. Treasury spread on the 5-30 hit its highest in more than a year at 58 basis points. Gold ended a bullish … Continue reading The Week Ahead
After the "worst December since the Great Depression" equities have recovered from their extremely oversold levels. The S&P500 posted a ~ 8% gain during the month of January. Since December 24 SPX has rallied almost 20% from 2350 back to 2800, with only 11 of the last 40 sessions closing lower than they opened. 2800-2817 … Continue reading Sell the News?