1. Before we throw ETFs under the bus...
Source: Virtu, As of 9/29/17
2. Watch out for the other shoe...we're almost through September...
Source: WSJ Daily Shot, As of 9/28/17
3.Rising U.S. Interest rates are taking a toll on EM currencies.
Source: WSJ Daily Shot, As of 9/27/17
4. Another way to show that the current equity rally is the second longest in history and perhaps getting long in the tooth.
Source: Bloomberg, Data as of 9/11/17
5. Are current energy prices transient?
Source: WSJ Daily Shot; As of 9/29/17
6. Maybe it is just our bias but we still don't see energy prices remaining high in the medium or long term.
Source: WSJ Daily Shot, As of 9/22/17
7. As a result, US oil inventories are still relatively high, especially when measured in terms of days of supply (slower refinery activity means longer time to work off the stockpiles).
Source: WSJ Daily Shot, as of 9/29/17
8. U.S. Oil supplies are expected by some to double in the next 8 years.
Source: WSJ Daily Shot, as of 9/29/17
9. What two hurricanes and two earthquakes will do...
Source: WSJ Daily Shot; Data as of 9/28/17