WTI crude is higher by an astonishing 6% to $38.5. Gold is higher by almost 2% and copper 1% to the good. This is happening, as the dollar plummets v the euro to the tune of 0.6%, because of an inferred dovish stance by the Federal Reserve.
NASDAQS have gone apeshit to the upside, now higher by 25.
Leadership sectors are all in commodities. Stocks like FCX, SM, CRZO, as well as a slew of gold stocks, are leading the fray higher.
Market breadth is improving, now 67%.
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sold half my AAPL at 106.13. this is the best bear market rally ever.
“this is the best bear market rally ever.”
cracking up
FCX brought me back from the grave.
Did Steve Leisman just Bitch Slap Yellen on that question? Credibility Ouch. He is right, there is no credibility…long gold.
just a temporary stay before the final execution
Another new low for USDCAD. From 1.46 in late Jan to 1.31 today. Largest virtually uninterrupted decline I can recall.
My AUY is break even
My COW is almost break even
My DAG is far from break even
My small UCO is microscopic
2016 the year of the tangible……