Watching the weekly momentum for a trend break from bearish on the weekly. If it breaks, we are going to trade like quad 4, where:
1- equities broadly won't like it apart from low beta defensives like Utilities
2 - Yields should fall, so it's long US treasuries
3 - Gold should catch a bid
Let's see.
1- equities broadly won't like it apart from low beta defensives like Utilities
2 - Yields should fall, so it's long US treasuries
3 - Gold should catch a bid
Let's see.
This could be a head fake
We may just pause before take off
Maybe we just consolidate for weeks.
No hard view yet, but airing on the side against the bulls.