Patience Here

There are advisers looking for areas to invest at this juncture.  In our opinion your time would be better served by waiting and watching.  For most if not all sectors, things are not bad enough to be bearish or good enough to be bullish.  Long-term interest rates, via t-bonds have gone up to an area where they are well priced.  The dollar is at a support level and gold is high enough. 

So maybe this is a time to be more become more efficient in your profession or go to work on your garden or golf game.  Some trends will evolve out of here eventually.

On the whole we are a little net short, long the techs and dollar and short a little gold.

The EMA ETF Fund Nav was 1146 at yesterdays close

8:21 AM CDT

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