Como se combate o populismo? "Com eleições", responde Fukuyama

[Keyser Soze]

Equity Strategy: the theme continues today, cyclicals on the back-burner while commodity-related re-enters the party. Intraday, short transports/long oil drillers should continue to yield well on further profit-taking and impact of higher oil prices. Semis/hardware selling off heavily in early trade but considering the recent run-up, there's plenty to chip away at.

Equity Strategy: broader market declining as Bush gives speech. Likely to be a non-event but a negative tone has already entered the market. Housing stocks down more than 2 pct. today, an indication of the data released tomorrow and Wednesday? In Europe, DAX falling toward the lows this morning, 5770 should again give good support.

[Keyser Soze]

Equity Strategy: a lower opening in the US after a wild ride last week. Technology selling off with Google dropping 2 pct.

Energy-related should see a strong day as crude prices have found a bottom. We still like drillers within this space: APA, BHI, BNI, NE and others.

Strong support in S&P 500 at 1290, 1510 in Nasdaq 100.