Despite all the debt ceiling flip-flopping that took place throughout the whole trading day Friday, it was as if everybody was positioned for a 100% certain outcome: at the end, more money will be borrowed and the currency will be debased.
Therefore, the relative weakness in the U.S. dollar and the relative strength in equities persisted.
One note: ORCL seems interesting on the long side.
Next week I am taking a few days off. The database and the robots will be updated, but there will be no daily market analysis.
Pascal
