Agree guys didn't like it either as I mentioned a few times earlier in the week
The macro situation is terrible and looking at the wider financial markets bonds (high quality government including Australian) are up big time, commodity currencies all sharply down, commodities in general down. Vix up over 10% in last three days,
In my opinion the market is recalibrating to a risk off profile under the surface - it will show up in stocks soon enough (the Dow is just a ruse - I mean how many of the public are following bond markets?) follow currencies and bonds - the money is moving to risk off...Just IMHO and will never be set on that view until confirmed by and shadow of a doubt by equity markets
This week I found this google search intriguing "End of the Commodity Supercycle?" Do you think we could really be coming to the end of a 30 year cycle?
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