5/30/11

Global trends

Yields of low-risk countries and companies keep sinking. Yields of high risk countries keep heading higher.

Metals and broad commodity indexes have stalled since late January.

It looks like they signal:

1. The global economy may be downshifting.
2. The seasonal phenomenon of lower yields during the summer months may be working this year.

Will the stock market then go nowhere according to its summer seasonality?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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