Something’s Gotta Give

by | Jul 7, 2021 | Daily Note | 0 comments

  • S&P futures up 0.1% with Nasdaq strong again up 0.60% in Wednesday morning trading.
  • Comes after US equities finished mostly lower, but well off worst levels on Tuesday. S&P 500 snapped a seven-day winning streak though Nasdaq gained on the back of the continued outperformance of big tech.
  • Treasuries mostly firmer with more curve flattening, with 10-year near 1.30%.
  • 30-year yield with new DeMark Sequential buy Countdown 13. I am buying TBT inverse bond ETF
  • Dollar not doing much vs yen and vs euro.
  • Gold up 0.7%.
  • WTI crude choppy off best levels, after a drop of nearly 2.5% yesterday.
  • Equity, Bond, Crude bullish sentiment is extreme - Something's gotta give
  • FYI THIS IS THE ONLY NOTE TO BE PUBLISHED TODAY
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