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Maurice Pernot Autograph Manuscript Signed – Incredible Content About Gandhi #Mypersonalcollection #AnirudhSethi

Autograph manuscript in French, signed “Maurice Pernot” seven pages, 8.25 x 10.5, circa 1930. An untranslated article entitled “Gandhi, l’Inde et l’Empire,” discussing Mohandas Gandhi’s non-violent protest against the salt tax with the Salt March, the social condition of the ‘untouchables’ and women in India, English fabrics, and global opinion. In small part (translated):

Why did he choose his choice of Ahimsa (non-violence)? It is because he took as his starting point, not an abstract idea, but a present reality, India with its diverse peoples, its religious beliefs, its social traditions, India with its virtues and with its faults…He is still an active and a realist. inspires, it is on reality that it is based…The result? No one would dare to predict its importance…The logical solution of the Indian problem—as of all colonial problems—should undoubtedly be sought in a formula of political and economic association.

CFTC Commitments of Traders: Dollar remains short across the board

Weekly forex futures positioning data from the CFTC for the week ending Tuesday, January 26

  • EUR long 163K vs 163K long last week. Unchanged
  • GBP long 8K vs 14K long last week. Longs trimmed by 6K
  • JPY long 45K vs 50K long last week. Longs trimmed by a 5K
  • CHF long 10K vs 9K long last week. Longs increased by 1K
  • AUD long 1K vs 5K long last week. Longs trimmed by 4K
  • NZD long 15K vs 16K long last week. Longs trimmed by 1K
  • CAD long 14K vs 10K long last week. Longs increase by 4K

Overall there were small changes in the net currency positions. However the dollar range short/the currencies long across the board.

Below is a chart of the net long position of the EUR. The net position has been relatively stable over the last few months.
EUR long position

Vix volatility index on pace for the biggest weekly surge since June

Up over 60% since Wednesday

Up over 60% since Wednesday
The Vix or volatility index is trading up at 33.37 after reaching a high of 37.51 earlier in the day. The index has increased some 65% since Wednesday alone.
As volatility increases, so too does the Vix index. The volatility in the meme stocks has now rotated into the larger cap stocks with the large moved to the downside today.   A slew of earnings this week also added to the volatility. Him
The Vix index has stayed within a range of about 19.5 to 44.7 since April last year. In March while stocks were being sold off rapidly on the back of the Covid transmission spread, the index spiked up at 85.47.
Although risks remain high from Covid, and today’s selling was helped by the Pfizer CEO saying the there was a “high possibility future variant will elude vaccines “, the fear and uncertainty from Covid is not at those early transmission levels.  As a result there should be a limit to the upside.

The earnings calendar for next week includes Amazon, Alphabet, PayPal, Chipotle

Another big week for earnings next week

Next week is another big earnings week. This week’s results, although mostly better than expectations, saw investor sell into the bounces (generally speaking).

So what reaction will the results next week bring?
Below is a list of the major releases:
Monday
  • Warner music group
  • NXP
Tuesday
  • UPS
  • Pfizer
  • Alphabet
  • Chipotle
  • Amazon
Wednesday
  • Humana
  • Qualcomm
  • PayPal
  • eBay
  • Sony
Thursday
  • Merck
  • Bristol-Myers Squibb
  • Clorox Company
  • Activision Blizzard
  • Ford
Friday
  • Regeneron
  • Sanofi
  • Estée Lauder
  • Cardinal Health
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