Risk Off is Gaining Traction

The Risk On/Off charts which peaked in September, see our September 11 post, are gaining traction on the downside.  This coupled with the June 20, 2014 downturn switch on oil are adding to pressure.

The article titled Catch-22 located at the link below is worth a read.

http://www.salientpartners.com/epsilontheory/post/2015/01/12/Catch-22