Daily Note

Cold War

Mar 9, 2020

Thomas Thornton

  • This move by Russia and Saudi Arabia has caused chaos globally for all markets
  • This is a cold war type of move inflicting a lot of damage without firing a missile
  • Coronavirus in the US and Europe is 4-6 weeks behind China and it's getting worse in the US with a government without a coherent strategy
  • The Fed is likely to have a policy response but they are lacking ammo after cutting rates at all time highs
  • Bond and equity sentiment are both at extremes.    It can and might stay extended at extremes
  • Downside DeMark Countdowns are starting to appear on S&P 
  • Please stay safe with your priority being to preserve capital.  I have 50% in cash still
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