Daily Note

Potential Short Term Bottom

Feb 27, 2020

Thomas Thornton

  • Very fast markets today.   Covered a bunch of stuff and added some new short term long exposure for a bounce
  • Not everything has lined up for strong bottom and this might be the first of five down waves
  • SPY vs TLT ratio has worked very well again and it might turn in the next few days 
  • One of the reasons for the bounce in stocks could be tomorrow's pension rebalance
  • I'll be traveling tomorrow so tomorrow's First Call will be the only note
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