Equity markets are marching onward again it seems with a renewal of the bull trend across many world indexes. German equities are on fire to the upside with Japan threatening a breakout and Singapore already in breakout in in spite of the weakness across the em data.
On the macro front, we have a lot of news flow in the next couple of weeks which should sustain volatility but we must also note that the SP500 has closed above the 2064 key level here.
The Swiss team comment here that:
“From a cyclical aspect, a break of the late December high would imply more upside until May/June with a next SPX target at 2160 to 2190!!”
The door to a reattempt of the prior high is the 2064 level which was marginally, on a closing basis broken last night.
Here their latest report:
Here GS with their chart run through:
And here RBC with their macro view:
Here Fitzpatrick at Citi:
This report will be updated with all the other releases later today. I’m traveling at present and currently in Hong Kong.
Here some more reports:
ML with a useful perspective on earnings:
And here JP with a useful liquidity view
And here ML with their FX tech view:
And here Scotia with their review of CFTC positions:
And here ML on FI:
And here ML with a macro analysis:
And here ML on the petro $ decline in importance:
Here CS with a cross market view:
And here Facset on earnings:
All the best
Rich