CLIENT TALKING POINTS
Japan
Nikkei ramped +1.4% off an immediate-term TRADE oversold signal and remains bullish TREND @Hedgeye; Japanese Exports +5.4% y/y goes positive y/y after 14 straight months of negativity; Abe/Kuroda love #StrongDollar.
Europe
Straight back to the highs for both the EuroStoxx50 (+1.1%) and the DAX (+1.4%); tough equity markets to be short of, USA, Europe, Japan are – we still score all 3 regions of Equities as bullish TREND w/ DAX signaling overbought this AM.
Yields
Up, across the board, with European Yields leading the charge this morning (Portuguese 10yr +7bps today to +3.89%) and UST 10yr right back up to 2.47% ahead of Friday’s US #GrowthAccelerating GDP and Durable Goods reports.
Asset Allocation
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 1/24/17 | 22% | 21% | 18% | 11% | 0% | 28% |
| 1/25/17 | 26% | 20% | 16% | 10% | 0% | 28% |
Asset Allocation as a % of Max Preferred Exposure
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 1/24/17 | 22% | 64% | 55% | 33% | 0% | 85% |
| 1/25/17 | 26% | 61% | 48% | 30% | 0% | 85% |
THREE FOR THE ROAD
TWEET OF THE DAY
@Hedgeye Lots of green in global stock indices this morning, except Singapore -0.07% :(
@Hedgeye
QUOTE OF THE DAY
“You cannot allow your desire to be a winner to be diminished by achieving success before and I believe there is room for improvement in every sportsman.”
–Lionel Messi
STAT OF THE DAY
College Basketball: West Virginia is the 4th team in AP Poll history (since 1) to bea an AP No.1 and No.2 team by at least 15 points each in a single season.