This might not be the quickly subsiding ripple-on-the-pond that we’ve become so accustomed to over the years. It’s possible something bigger is happening, and if it continues for just a few more days, it could suggest that institutional mindset may be undergoing a sea change. I am referring to the fact that stocks have fallen hard on a day when bullion and T-Bonds rallied sharply. This has occurred before, but seldom has it lasted for more than two days. If it should happen again on Friday, and then again on Monday, look for these trends to gain momentum in the weeks ahead. The scenario would become even more compelling if waxing rallies in bullion and Treasury Bonds are joined by a resurgent U.S. dollar.
Watch Out If the Dollar Joins the Party!
- March 23, 2018, 5:45 am
In a bull market good news is good and bad news is good.
In a bear market good news is bad and bad news is bad.