Wow! Will it last? Let's hope so. This is what happened today.
*** Stocks were very strong. Wonderful! The market did in one day what it used to do over one year in the good old days. Times have changed. Or did they?
*** The dollar was mixed. Surprising. Probably not for my readers.
*** Commodities were strong across the board. Crude oil and gold included.
*** Long bonds (Treasuries) were weak.
*** Low grade bonds were weak.
*** Sectors performing well in a weak economy soared.
Bottom line. A great day. It needs confirmation.
More, much more of my analysis and recommendations when you review the blog archive and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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