Exuberance

“If a fisherman does not have a properly repaired net, then his trip is useless. Preparation is the major part of his endeavor. Only when the fisherman keeps his nets intact, keeps his boat repaired, and studies the conditions of fish and water does going out to fish become a mere formality. Then fish fall into his hands as if guided by invisible lines.” – 365 Tao: Daily Meditations
If you haven’t checked them out, you can take a look at the videos we uploaded this week: Morning Call & Weekly Outlook.
So, Dan Bilzerian got long Bitcoin (if you don’t know who he is, just google his Instagram) and Gartman (everyone knows Dennis) turns bullish on tech? Talk about the scent of exuberance starting to fill the room…
We’ve got a lot to discuss today in our live session but the main focus/follow-up will be on: reality bites GBP, the Bitcoin Romance, the magical ‘1000’ number, VIX and how DXY will likely try to confuse less experienced correlation fans (not only on a cross-asset basis but especially inside the fx space).
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.

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