Good morning. US equity futures are moderately higher, sp +6pts, we're set to open at 1935. USD is -0.1% in the DXY 97.30s. Metals are bouncing, Gold +$7. WTIC Oil is -0.5% in the low $32s.
The hourly MACD (blue bar histogram) equity cycle is set to turn positive at the open, and will likely tick higher into the afternoon.
Equity bulls should be pushing for a daily close in the 1950s within the next 3 trading days.
Once that is achieved, it should be a straight run to 2000/2020s by mid March.
Bullard is on CNBC this morning...
....saying all sorts of crazy stuff, even the issue of whether helicopter drops into 'everyone's bank account' would generate inflation.
Japan: +1.4% @ 16140
China: imploding across the day, -6.4% @ 2741
Germany: currently +1.4% @ 9314
Have a good Thursday
... awaiting weekly jobs, and Durable Goods orders....