The Aussie dollar is still struggling this morning:
Bonds are strongly bid though it’s not showing up on the chart:
The XJO rocket has flamed out for now:
Big Iron is seeing some profit-taking:
Big Gas has way overshot:
Big Gold is still being flushed. DXY is going to weaken next year so BTFD!
Big Banks have come off as well:
As Big Tech gets another blow into the bubble:
It’s all about yields at the moment. Up equals the value and cyclicals bid. Down equals the growth and tech bid.
Stocks can’t lose, except for this:
In my view, the US will be in an outright crisis in a fortnight as hospitals are overrun.
El Trumpo will have his revenge.