Morning Note and A Technical Dollar and Equities Update (video)

For this morning we'll just update the overnight and morning numbers and then jump to a video I recorded yesterday evening.

The first half takes you into the US dollar weeds a bit, the remainder focuses on equities and general observations around our longer-term thesis. Clients, please hang in till the end if you can 😎.

Asian equities leaned green overnight, with all but 3 of the markets we track closing higher. Although Japan and China saw drawdowns at and exceeding 1%.

Europe's mostly higher so far this morning, with 14 of the 19 bourses we follow trading up as I type.

US major averages are all higher to start the day: Dow up 115 points (0.32%), SP500 up 0.26%, SP500 Equal Weight up 0.41%, Nasdaq 100 up 0.37%, Nasdaq Comp up 0.41%, Russell 2000 up 0.68%. 

The VIX sits at 17.73, up 0.62%.

Oil futures are up 0.10%, gold's down 0.53%, silver's down 0.33%, copper futures are down 0.78% and the ag complex is down 0.13%.

The 10-year treasury is down (yield up) and the dollar is down 0.18%.

Led by Viacom/CBS, semiconductor stocks, ALB (lithium miner), solar stocks and banks -- but dragged by Nokia, uranium miners, healthcare stocks, MP (rare earth miner) and gold -- our core portfolio is up 0.13% to start the day.

Technical Dollar and Equities Update

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.