There is a distinct harmony to the markets that is suggesting investors are eagerly willing to take on more risk now.
German bunds crushed lower, pushing yields higher to -0.093%.
Oil mounts huge 2% rally, while gold sinks 1.5%.
Pound up, Yen down, dollar down- perfect.
Jp Morgan beat on earnings and futures are indicating +150 at the open. Going out on a limb here, I’d expect gold miners and utes to trade down, as investors trade back into riskier stuff, like tech, oil and biotech. It’s all very predictable.
Markets are set to rise for a 10th consecutive day, spearheaded by animal instincts.
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70-80% of gains the last 15 days was overnight
could the american public be a n y dumber
in accepting this stock narrative
Sell whatever is hurting and buy it back in Sept or Oct.