We have an unusual scenario in which stocks and commodities have been rising strong, and so have Treasuries. Usually Treasuries aren't near 52 week highs after stocks and commodities have gone up so much.
I've looked back at past scenarios in which stocks and Treasuries rise at the same time, it is usually very bullish for stocks. When Treasuries begin to selloff and investors take more risk, that should be the start of the topping process for stocks. We are far from that now.
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3 comments:
TBT was down 2.3% today
its also teh dollor short which is driving the market
at some point, foreign nations will dump dollar denominated assets, including oil, including gold, including stocks, anything american if this shenanigans continue on the dollar. history repeats.. no this time it ISN'T different.
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