Thursday -- Saved By 51 Ticks

S&P E-mini Futures:
Bumping higher.

Markets:
Asia mostly green. Europe mixed.

Fischer Says Foreign Economies Better Able to Handle Fed Hikes -- BBG

I beg to differ with Fed Vice Chair Fischer: higher interest rates will put added pressure on foreign countries to pay back US dollar-denominated debt, and will be USD bullish.

Wonder what US Treasury Secretary Mnuchin will have to say later today when he is due to speak.

Mood:
Mixed mood at its finest. Exactly the counter-intuitive news I want to see at exactly the right time.

Rockridge dump receives 19 offers, sells for quarter-million over asking

Larry Fink: ‘Warning Signs Are Getting Darker’ for the U.S. Economy

FX:
AUD, EUR, and JPY stronger.

Bitcoin back above 1200.

Treasuries:
Day Two of lower prices thus far. Volume will be key.

Energy:
WTI crude whippy on OPEC jawboning. NG down.

Metals:
Day Two of gold and silver red with platinum, palladium, and copper higher.

S&P Outlook:
The bullish case survived by 51 ticks on the S&P cash yesterday.

Now needs a rally to the 2360 area to prove itself. Otherwise, any stalling could see me in SPY puts for a test of 2300 sooner than later.

That said, would still be looking to position for buys targeting 2400-2500.