Fang and A few Graphs

Merrill lynch Fang Index on Pace for  one of best days  in  Months,very well could be end of  month adjustment instead of buying opportunity of lifetime.Reminder that Apple reports tomorrow after the close.

fannn

Europe’s version of “FAANG” is not made up of tech stocks but of  luxury goods companies as it is used as A proxy For Chinese demand.I use the term FAANG in regards to A  trade that is heavily invested in by majority of Funds,not necessarily a group of tech Stocks.percentage  Change histogram below,index had best day in 6 months.

luxx

SPX  & RTY back in harmony after a brief period decoupling,Overlay daily chart below:

rtys

rate hike Expectations creeping higher again,measured by 2y1m forward rate

rate

 

 

 

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