RNU 0.00% 7.8¢ renascor resources limited

RNU chart, page-2952

  1. 2,892 Posts.
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    I actually disagree, but understand your concern from those charts.
    I wont go in to it, but Powell's comments last night and the reaction from the 3 main US indexes marked a clear change to me. The three rallies we had last year were all too soon in my opinion and there was too much concern and unknowns in regards to inflation and what the Fed were doing.
    The market is forward looking, 6 to 9 months. Money is flowing in to the more aggressive sectors right now vs the SP when you look at the spread charts. Chuck in a very low VIX and the 10 yr yield still falling too.

    This is my plan only and certainly not any kind of recommendation, but I plan on being more aggressive with taking profits this year. I think we will see rallies and quick falls across a lot of sectors.
 
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