Some late gold stocks buying into the close. I thought another baby bath water style. Commodity sector all getting hit so the index selloff had market breadth which is concerning.
The chart of the US markets which drive sentiments are diverging from the havoc from the inflation/QT iexsine thinks recession is already here. It is one of those instead of clearing exposure generally speaking, I take the view of very selective increasing exposure. Loading up entirely on gold is tempting but a rug pull can happen.
I flipped the monthly on Nasdaq and it does remind the typical generic chart of the aggressive bounce and if the next peak is lower, it is another GFC moment of the Bear stern followered byvcalm then a big crash months later. I'm sticking to this view cautiously
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