Wednesday, February 24, 2021

Waow, pay attention, markets are flashing red lights everywhere !

Oil at $63 new cycle high

Copper at 4.25 new cycle high

30Y yield went above 2.25 new cycle high

Silver outperforming Gold during its downtrend

Gold getting tightly correlated to bond prices today

Bitcoin getting inversely correlated to bond prices this year

Interest rates already impacting high P/E stocks at these levels

All of this is pointing to more volatility going forward not less and potentially one or several huge repricing event(s)


No comments:

Post a Comment