Keep Eye on the Big Picture
That picture changed changed on June 5th and has held. The Macro cycle of long 30 yr bonds and long gold, short S&P and commodities, remains 2.8% positive on an unleveraged basis.
Here is the chart of the macro relationship updated through today at 11:15 AM CDT.
And just saying, as difficult as it is to fade this joint manipulation move by the Administration, Treasury, and FED, I would be beside myself trading the other side of the equation, worrying about waking up some morning when the Dow is down 2000.