We spent some time in the room speaking about Gold and the Equity rotation ahead of tomorrow’s inflation data.
Follow the Bonds early.
Higher Yields will hit the Gold and provide a further bounce in the Dollar.
Euro… use 116.00 as an extreme.
Gold…I’m a buyer @ the 1665 gap level for a bounce.
Everyday the algos give opportunity.
Yesterday was Biotech & Healthcare. Today Industrials and materials led by steel names.
Infrastructure was today’s rotation.
Nothing is a one way street.
Higher yields have the algos selling tech and buying other sectors.
The great shuffle continues.
One has to use trailing stops and pay for trades.