“I like to listen. I have learned a great deal from listening carefully. Most people never listen.” – Ernest Hemingway
It’s all about US data today as we head into the final trading day of the week. Blog readers will be very familiar with our view of weekend risk in the current climate and as usual, we see the odds in favor of being positioned for ‘risk-off’ rather than for positive surprises.
We updated our latest outlook video yesterday with a morning call where we discussed recent action and developments. All in all, the most interesting question remains: have equities topped and are we in the process of preparing for what is going to be the first real healthy correction or was what we saw in March all we are going to get before the next leg higher.
Here are some key charts to keep on the radar today:
As always there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.