TayFx

XLF Short Position, !Copper Longs; 12:54:50 (UTC) Mon Jun 29, 20

Short
TayFx Updated   
AMEX:XLF   SPDR Select Sector Fund - Financial
With lumber up 2.3%, copper has made a new higher high and I am not bullish on copper, for the current bullish phase transition to bullish. This relates to the fact that we should see nominal GDP remain muted, thus causing stagflationary economic environment for the time being.

13:05:08 (UTC)
Mon Jun 29, 2020
Comment:
Trade active:
Trade active:
Trade active:
+13.24%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.