A very interesting day indeed.
Prices of risk assets declined sharply. Commodities, stocks, low-grade bonds -- they all sagged.
Safety was in great demand -- Treasury bonds and bonds backed by the government and the Fed largess.
The shorts also enjoyed a great day. Have a nice week-end.
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, since 1977
Ranked in the Top 10 for 12, 6, and 3 months for market timing by Timer Digest
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