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Daily Note

Spare Us The Cutter

Mar 16, 2020

Thomas Thornton

  • The Fed has cut and added tons more QE - I think they pushed in all their chips
  • People need stable leadership and a medical response more than QE
  • Major indexes still have downside work to fully get the DeMark exhaustion signals I'd like to see for an all clear
  • Stay cautious 
  • Credit spreads still could blow out a little more
  • VIX is exhausting to the upside but one more new high would get us the Combo 13
  • I'll have another note out later 
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