Morning Notes – Monday June 15, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with elevated volatility; good chance of sideways to down move from pre-open levels around 2975.00 – watch for break above 2992.75 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23…

The U.S. Should Walk the Talk on Free Trade

From Bloomberg: Trade accounted for about 29.2 percent of U.S. economic activity in 2010. That makes the U.S. the most closed of all developed nations according to “trade intensity,” which is calculated as the sum of exports and imports, divided by gross domestic product. […] Standard measures of trade intensity, if anything, probably understate the…

World Will Look Different In 2050

Here is from Goldman Sachs via Sober Look:  BRIC nations (a term coined by Goldman some 10 years ago) dominate the world’s economic output by 2050. These four countries generated close to half of the world’s GDP growth in the past decade, and in spite of slower growth expectations going forward, this projection does not…

Dow’s Another Losing Streak

Today, May 18th, Dow made a down day, which was the 13th down day in the previous three weeks or 15 days. Since 1970 Dow has had such a losing streak only 24 times (excluding the current one). Out of these, 11 times Dow had a positive day next day and 14 times it went on to record another…