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Daily Note

First Call July 2, 2020

Jul 2, 2020

Thomas Thornton

  • S&P 500 futures are up 0.7%
  • S&P DeMark Sequential Countdown on day 11 of 13
  • S&P bullish sentiment is at 85% and Nasdaq bullish sentiment is at 93% (extreme)
  • I examine the miscalculation in the unemployment rate over the past couple months
  • European markets firmer, following broad strength in Asia.
  • Treasuries not doing much.
  • The dollar is weaker against the euro and sterling, little changed on yen cross.
  • Gold up 0.3%
  • WTI crude up 0.8%.
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