This is a classic risk off trade. The smaller caps are off by 0.7%, WTI is hammered to the tune of 3.7%, following inventory disappointment, lending to a feverish rally in bonds.
Ten yr yields are getting hammered, down 9bps.
Perhaps in response to the shooting near DC, a hardened risk off trade is underway — perceptibly visible by dollar weakness.
WTI
Gold
On the equities side, small caps are getting hammered, while utes are higher.
What’s the lesson here? Construct diversified portfolios that aren’t designed to resemble lottery tickets. My model has me in 20% cash, 5% GLD, 5% TLT, and a slew of equities in difference sectors — all adhering to fundamentals that appeal to me.
For the day, I am up by 0.28%.
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3 days in a row of flip flopping. shaking the money tree.
Just stay on the ark. Bring your PM’s.
Nigeria has been going ape shit. For some reason.
Globalism has peaked. And so the global currency war stage is over and now it’s trade war time. The global bubble is now officially burst with the rise in defaults globally.
Trump wants lower dollar. Yellen is a lap dog of potus.
Margin call will kick in for hy.