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
Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust:
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