CLIENT TALKING POINTS
USD
Good #StrongDollar, Strong America morning to all of you who are paid in US Dollars – your purchasing power is going up again today; USD Up, Euro Down (EuroStoxx50 +1.4%), Yen Down (Nikkei +1.4%).
Rates
Yet another head-fake to have capitalized on with the US 10yr Yield now +10bps from her lows of late last week; +3bps this morning to +2.42% with immediate-term upside to +2.52% after US growth #accelerating data in Durable Goods, Chicago PMI, and Consumer Confidence (ramping to 114.8 FEB vs. 111.6 JAN now higher than Bush and Obama’s highest levels).
Copper
The Doctor evidently liked the speech – Copper +1.8% this morning and, like US Equities, is looking to make new highs; the “reflation” trade underperformed in FEB, so this kicks MAR off right on bullish footing.
Asset Allocation
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 2/28/17 | 32% | 21% | 14% | 13% | 0% | 20% |
| 3/1/17 | 30% | 21% | 14% | 13% | 0% | 22% |
Asset Allocation as a % of Max Preferred Exposure
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 2/28/17 | 32% | 64% | 42% | 39% | 0% | 61% |
| 3/1/17 | 30% | 64% | 42% | 39% | 0% | 67% |
THREE FOR THE ROAD
TWEET OF THE DAY
@Hedgeye "It's difficult to find longs in the midstream space b/c so much of the activity is going to the Permian & Scoop/Stack Basin."
@Hedgeye
QUOTE OF THE DAY
“The day you stop lookin’ back, is the day you start movin’ on.”
–Thomas Rhett
STAT OF THE DAY
Sidney Crosby has played in 762 games and have a career 1,005 points.
