Beginning or End

  During the past few weeks we have held a modestly long stock / short commodity stance in the portfolio. This has worked well with a new performance high in the tracking portfolio being made on Friday.

Now the difficult time is here. In stocks the big question. is this the start of something big on the upside or are we 2 percent from the summer bounce high expected at 1327 on the S&P?  Likewise, are commodities, gold, oil, and the ag’s going to find support this week or are we seeing some demand deflation creep into the sector? 

I find analysts/traders I respect on both sides of these issues and will try to make sense of it in the next couple of days.

8:12 AM CDT

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