|Judd, here is your Midday Missive.
One big defensive rotation.
Names like PSA, MO. XLU & XLP have been bought against tech.
Spu’s are being bought against Russell
Silver & Gold rallied with the Bonds…I don’t believe in the direction and am shying away.
Commodity currencies have been bid against the Euro.
A lot of money will be lost today trying to make something happen.
The calendar will now work against the Bulls.