The big show stopper was copper, up 1.5% to 4 month highs. Gold was also impressively higher, as well as bonds. The market bid up non risk assets, while bidding up the risky ones too.
We are now having our cake and eating it too.
Retail is being sucked back into the market, like a fucking black hole with all of its insidious trimmings. Nevertheless, as I’ve been saying, this is the season to rally, so we might as well enjoy it while it lasts.
You do realize the market is barely down for the year now and many stocks are firmly in the black, yes? All of that panic was for naught, as the Federal Reserve readies to hone in on your portfolios in the name of inflation.
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Iron ore rocking check… Oil firming up check… copper catching a bid and breaking over resistance at 2.15 check… Lumber gone from 232.50 to 272.50 since the Jan 20th low oh and check out the WRB today…..EWZ a commodity bric is joining the party…..Canadian and Aussie dollars looking good….XOP finally starting to move….
2016 is the year of the tangible…..
another excellent day. the machines do a fine job of applying the pain trade.
I am now break even on my A U Y
so you can take the hit off Peter Marrone.. what a cabron he is
Yellen hates you all.
The managed accts have been able to gain everyday regardless of the market direction.
VXX was added. I’m still 10% GLD. and swapped my 10% TLT for 10% SPG(bigger dividend, lower beta, safe play).
I’m looking to make money all year. Not just in the bear market rallies.
In a negative interest rate world metals get another boost. the cost of holding them vs cash is dramatically reduced. Whilst many see gold as the escape route from negative yielding cash don’t forget that any old metal will do. we are escaping negative rates not the end of the world in this scenario and so the requirement to carry your total wealth sewn into the lining of your coat or buried in your garden is bypassed. Whether you buy an ounce of gold or a ton of nickel is immaterial
so that the is monetary side of it……the fiscal response is infrastructure build
Hopefully people will be able to bank coin