Just spent ten days away without internet news tv....bliss.
Now I walk into this!
Prima facie looks like the typical yearly 'ring around the rosey'. Markets, having bottomed, etch lower highs and lower lows then the bad news midyear. Before that any good news should spur markets higher until it doesn't.
US GDP figures will possibly take on more importance from now. Q. has the FED got itself into a bind by raising rates? A. US Tbill rates are declining so what's the give?
For me the big shorting opportunity could well be in April. I can see US economic shock news coming and markets won't like that at all.
The gold oil chart looks horrible for gold so this current spin should be short lived. Every other asset has had a beating except PMs.
