Midday Missive

We’re looking at another very narrow rally led by GOOGL,AMZN and a small bounce in AAPL.

Equity/Bond spread is trading back under its 50DMA which is not price positive the Indices.

With Dollar denominated commodities under pressure Investors will seek the Bonds as a place to park money.

The early capital flow has already abated.

Much of the board just looks as though it needs to digest the current levels

This entry was posted in Archive and tagged , , . Bookmark the permalink.