They Let the Crazies Out Today
Yields are declining, curve is flattening, commodities are in rally mode, gold is continuing to decline, and stocks are rallying (S&P currently up at 2743). This is called a crazy Steve Mnuchin day, he got Trump to backtrack for the moment. Fracture number is declining to 0.059 from 0.066 high this week, get ready.
For us today is the the day to sell the S&P, buy Gold, sell Commodity index, and sell the dollar. Hopefully the crazies won’t get us.