CLIENT TALKING POINTS
Japan
Minor correction in Japanese Equities to take advantage of (Nikkei -0.5%) on the standard Dollar Down, Yen Up move; JGB 10yr Yield sells off to +0.06% after toying with a “breakout” above +0.10%.
Italy
Awesome month for US Growth (Equity) bulls; terrible month for Italian ones – MIB Index down another -0.4% this morning and -4.1% in the last month, flashing a major negative divergence vs. Eurostoxx50, DAX, etc.
UST 10 YR
Dollar Down, Rates Down morning registers an immediate-term overbought signal in Gold at $1256 and a big short-selling opportunity in most things Low-Beta-Safe-Yield (which I do not like and want to be short, on balance).
Asset Allocation
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 2/23/17 | 39% | 19% | 11% | 11% | 0% | 20% |
| 2/24/17 | 35% | 20% | 13% | 12% | 0% | 20% |
Asset Allocation as a % of Max Preferred Exposure
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 2/23/17 | 39% | 58% | 33% | 33% | 0% | 61% |
| 2/24/17 | 35% | 61% | 39% | 36% | 0% | 61% |
THREE FOR THE ROAD
TWEET OF THE DAY
Our telecom analyst explains why the AT&T/Time Warner deal is on track for ultimate approval app.hedgeye.com/insights/57522… $T $TWX
@Hedgeye
QUOTE OF THE DAY
“Somebody's gotta win and somebody's gotta lose, and I believe in letting the other guy lose.”
–Pete Rose
STAT OF THE DAY
Mario Lemieux had 1723 regular season points over his career.