A Few Quick Thoughts

by | Sep 9, 2021 | Daily Note

  • The markets continue to listen for clues from central bankers of when they will remove the punch bowl
  • 'Market Wizard" Dallas Fed Governor Robert Kaplan late yesterday downgraded his GDP forecast and called for the taper this year
  • ECB Christine Lagarde was either hawkish or dovish or gave a great Greenspan speech leaving everyone unsure what's next
  • The market is losing steam with internals divergent from index prices and sentiment dipped under the extreme zone
  • A pullback is developing and it could come fast.  
  • I'm covering LULU short with a 9% loss and selling KWEB with a 5% gain
  • I'm off tomorrow and lookout for a note from Dave Newman
  • Saturday is the 20th anniversary of 9/11 and each year it brings back so many sad and scary memories. Never forget.
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