Then to the SPX

Where the SPX strength is coming from

More US market thoughts on the back of this early piece:

• On the strong USD we're seeing

Equities market thoughts:

• Plenty of trade war and Fed related doom and gloom, but earnings are killing it.
• Of the almost 400 names that make up the S&P 500, that have reported earnings this season, about 85% of them beat analysts' estimates - How about that for a stat!
• The S&P 500 rallied as Apple's market cap reached $1 trillion. Yes TRILLION.
• This is why there is so much strength in the SPX

Chart musings:

• We've done this before, but it's all about that all time high resistance zone.
• Just don't underestimate the strength of this market.