CLIENT TALKING POINTS
USD
Weaker this am, especially vs. the Yen (so Nikkei corrected -1.3% on that) but we're still a buyer of both US Dollars and Quad2 #GrowthAccelerating exposures on pullbacks with accelerations in both US GDP and Durable Goods as the next catalyst.
Gold
With a 90-day inverse correlation of -0.95 to USD (it’s -0.95 on a 15-day too), it doesn’t take a rocket scientist to understand why Gold is having an up day on Down Dollar; we'd continue to fade that with the top-end of my Gold risk range at $1/oz.
Pound
We've been bullish on the Pound, but from a bombed out price ($1.20-1.21 vs USD); on this morning’s +0.7% move to $1.24 I’d sell some and wait for another ramp in USD (selloff in the Pound) to buy some of that back.
Asset Allocation
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 1/22/17 | 27% | 21% | 16% | 10% | 0% | 26% |
| 1/23/17 | 26% | 20% | 17% | 10% | 0% | 27% |
Asset Allocation as a % of Max Preferred Exposure
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 1/22/17 | 27% | 64% | 48% | 30% | 0% | 79% |
| 1/23/17 | 26% | 61% | 52% | 30% | 0% | 82% |
THREE FOR THE ROAD
TWEET OF THE DAY
@Hedgeye Here's why we still like Russian equities. app.hedgeye.com/insights/56330
@Hedgeye
QUOTE OF THE DAY
Mightiest among the mighty dead loom the three great figures of Washington, Lincoln, and Grant.”
-Teddy Roosevelt
STAT OF THE DAY
Matt Ryan has thrown for 38 TD's and just 7 INT's this season.
