Monday's markets

Wow! Is this the long awaited market rally?

--- The dollar was strong. This is the most impressive feature.
--- Commodities surged. All of them. Very impressive. Is inflation in the cards? When?
--- Gold and crude oil were up. Unusual since the dollar was strong.
--- Small banks were shining.
--- Long bonds remain under downward pressure.
--- Credit markets thawing.

All asset classes were strong. The strong commodities do not fit the deflationary scenario. Or, there is so much money on the sidelines that investors just bought, bought, and then bought. It will be interesting to see what happens in the next few days.

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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977