Are the markets starting to warn us?
To kick off Q2 we already have a reversal day underway for the NASDAQ. After reaching a new intraday high this morning it has been a straight sell so far. We are also seeing money flow into safe haven assets but not enough to break upper resistance. Overall this is not the typical open to a month or quarter for the markets… Is this telling us something?
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Mat Drudge on Savage show on Friday;
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Gavekal notes that the stock/bond ratio is now back at its 2007 peak. “While we can’t possibly predict the performance of either stocks or bonds, what we can fairly confidently deduce is that further stock strength relative to bonds is unlikely over the coming months.”
OFF TOPIC:
https://www.yahoo.com/news/dubais-sky-turns-black-another-193433530.html