The 31 Day Rollover Period is Playing Out
As we mentioned yesterday it will probably take a while for the 31 day rollover period to play out, the period before the market comes unglued. It will be a good time to trade if you are of that persuasion, trade from the short side on rallies, cover and put them out again.
Over the weekend we will build out the story more, in pictures, ie charts.
Enjoy this time.
A little update to the picture.
A little perspective here, the infrastructure buildout seems to be feeling interest rate increases. Here is an index chart built around four stocks CLF, CAT, XLE, and FCX, with the basket divided by the 10 year yield. The August 2020 peak is evident. Updated now.