First Call July 2, 2020

by | Jul 2, 2020 | Daily Note

  • 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%.
To access this post, current subscribers need to first log on or click here if you would like to learn more about becoming a subscriber to Hedge Fund Telemetry. If you need any assistance logging on or have questions about our membership plans, please email here. Thank you!