Thur, Feb 18, 16
08:45 ET Update: [Stockboardasset] S&P futures +22bps
08:45 ET Update: [Stockboardasset] Nikkei +277bps
08:45 ET Update: [Stockboardasset]FTSE100 -53bps DAX +118bps
Global equities continue their advancement in the fifth straight session as late January prices have been reached. Our guess, the recent price action is artificial by central banks. We should not forget global economies are fighting a commodity, currency, and interest rate war. Overnight, FED Bullard commented on Decmember’15 rate hikes weren’t a mistake. He added WTI and the dollar prices continue to hurt the US economy. We believe a delay of the March rate hike as central banks recognize recent global market price action.