WE ARE BACK
Reflecting on Our Analysis: Our previous report, “Momentum in tech and a bid in bonds,” accurately predicted current market trends. Read it.
Big CPI and PPI prints this week along with fed Powell speech
The draw-down in yields has been severe. Last week we saw serious bids for fixed income on the basis of a recession/policy mistake. Overbought in the shorterm.
We want to reiterate; “Wait until bad news is actually bad for stocks then you take action.
Take-TWO is the only decent video game exposure left.
Bitcoin still holds as best risk/reward in the current scenario
Bitcoin rallied and Gold touched all-time high as speculation grows that Fed will soon lower rates
Energy is oversold and looks ripe for a bounce (XOM)
AMD is strong.
Bloomberg Grain Spot Subindex records the worst yearly slump since 2013. Even sugar has come down.
Follow us @ gmgresearch
Risky business up here at these levels.
