No Reversal of Deflation Risk

The Macro indicators that I lean on (and include T-Bond, dollar, commodity, and gold inputs) are not confirming that the S&P high close today is an indication of anything but a narrow focus on the only game still in town.  It appears that stocks will just keep going up until they day when they wipe out a couple of years in one day.

Leave a Reply

Your email address will not be published. Required fields are marked *

6 + 17 =