June 5 still looms as an Important Date

That is the date when the long financials (bonds and gold) vs the short assets (S&P and Commodities) triggered.

Here is the index chart updated at 11:00 AM CDT, S&P was at 3147 at that point. It is up around 3 % (unleveraged) but down from the up 5 % a few days ago.

From a trading standpoint, we are overweighting the short stocks side a bit ( versus the Index ), obviously in hindsight should have waited till today to make that allotment.