ChiefMacro

ChiefMacro

Likely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the dollar...

ChiefMacro

With recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several...

ChiefMacro

Hub Group $HUBG appears to be forming a bull flag, following the breakout of a 13-year structure. $75 could happen quick. Watching this one closely and will continue to update.

ChiefMacro

I would expect the BDI to press higher and at least break out of the blue structure. We can assess further from there.

ChiefMacro

Consistent with commodities in general - cattle prices looking ripe for a move up.

ChiefMacro

Same as my idea on GBPUSD from July 9th, 2021: "I think we have to respect the possibility of a breakout in major world currencies (EUR, GBP, CAD, AUD can take off before going much lower). At this point, I think the alternative (deflation) is just not an option. So, I would expect the Fed to keep the pedal down. More bond buying (more money printing), lower $USD."

ChiefMacro

I think this looks like the beginning of a new range. I would also expect it to slow (following the extreme capitulation that precedes the current bull flag). Definitely keeping a close eye on $RSP #spacewalk

ChiefMacro

Cerner ($CERN) looks to be breaking out of a bull flag.

ChiefMacro

I think we have to respect the possibility of a breakout in major world currencies (EUR, GBP, CAD, AUD can take off before going much lower). At this point, I think the alternative (deflation) is just not an option. So, I would expect the Fed to keep the pedal down. More bond buying (more money printing), lower $USD.

ChiefMacro

$SWBI broken out of a 14-year structure. More data needed (price needs to hold above $24.00, but it looks to be breaking out to the long side.