The conditions for an extended run higher have never been better, in my opinion. I only make these observations due to the large forex, bond and commodity moves, all of which are very bullish for stocks.
Leading the fray, the bedraggled price of crude. It’s off the 2 mo lows and sprinting higher, now up more than 3.5%.
This fervor has spilled over into an already strong oil sector, which is up greater than 6% today.
Should we bother to make sense of it all? Probably not. I’ve found that the more I think abount these things, the greater my head aches. I’d rather not have to worry about any of these things and just watch them unfold.
I’m in a 63% cash position, cowering from the sidelines, so all of this is theatre to me, frankly.
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Gartman will have to change his adult diapers if this keeps up
Fly you’ve been patient with TLT and it has delivered a great win. Do you sense the present action signals forthcoming end of the trade thesis?
HES into ER