As market participants splash around the market, yields continue to collapse–because the Fed is only going to hike rates by 100% over the next 8 months.
This is risk aversion.
The S&P 500 has erased all of its early 2016 losses and now relish in the black. Crude oil has formed a bridgehead at $40, which poses as a significant annoyance to those whom are short. Fundamental concerns aren’t abated at $40 crude; but the market is bidding up oil stocks anyway.
Seeing a great divergence between reality and perception, I doubled my XLE short today, with a basis of $63.32.
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Hey Fly, You share Bluestar’s sentiment – just read his post from 2 days ago.
Peace
Political junkies only, scroll down and click on the thread namsd “People Got Drunk and Bought Stocks Today; Happy St. Patrick’s Day” from 18 hours ago, for the or the last of the political discussions that began yesterday.
with no disrespect to senor tropicana, the tea leaves are calling for 65 on xle before a potential change in trend
FCX red, Aussie red….Stupid Dollar Sell off looking weak.
Yup, nasty fade in FCX.
Hawk Bullard on tap to speak.
I guess the market only cares about oil now. No more loan defaults with higher prices? Who cares that the 10-year is flashing no growth.
i’m bored. tried to buy a biotech but the monkeys moved the spread around so fk them order cancelled. Zzzzzz
We are on the same page. I sold my GLD puts at quite a loss today. Risk aversion seems to be on the doorstep.