CLIENT TALKING POINTS
USD
Yet another great buying opportunity for anyone who has missed this trending #StrongDollar move – the Pound (which I also like, but more vs. the Euro) signaled immediate-term overbought vs. USD yesterday, so I’d be an aggressive buyer of Dollars if the jobs report is in line to better this a.m.
NASDAQ
Hit an intraday all-time high yesterday, so I signaled to “sell some” in Real Time Alerts; happy to buy more back on a pullback, where many seem petrified to buy, but then reluctantly chasing on the up moves – risk range for the Nasdaq = 5; buy low end of the range, sell the some on the way back up.
UST 10YR
Down yesterday alongside the Down Dollar move, but I don’t think it holds – ISM Services print of 57.2 DEC reiterated the US #GrowthAccelerating reality of NOV-DEC and if you get the rate of change in growth right, you’re going to get the Long Bond (and Dollar) right
TOP 3 LONGS: USD (UUP), XOP, QQQ
TOP 5 SHORTS: Gold (GLD), EUR/USD (FXE), Long-term Treasuries (TLT), Chinese Stocks (FXI), Zeroes (ZROZ)
Asset Allocation
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 1/5/17 | 33% | 18% | 10% | 11% | 0% | 28% |
| 1/6/17 | 33% | 18% | 10% | 11% | 0% | 28% |
Asset Allocation as a % of Max Preferred Exposure
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 1/5/17 | 33% | 55% | 30% | 33% | 0% | 85% |
| 1/6/17 | 33% | 55% | 30% | 33% | 0% | 85% |
THREE FOR THE ROAD
TWEET OF THE DAY
Emerging Market Crisis Risk Index:
Here's a chart explaining one of the reasons...
1) We don't like Turkey
2) We do like Russia
QUOTE OF THE DAY
"The world breaks everyone, and afterward, some are strong at the broken places."
–Ernest Hemingway
STAT OF THE DAY
Jobs growth has declined from 2.3% in February of 2015 to 1.58% as of the November 2016 release.