-
XLU
The story of the day is that defensive/income based sectors are doing well.
This tells us that the market expects the Fed to delay tightening until "conditions improve".
I believe that general equities will continue to weaken today and will start to bounce tomorrow while traders will try to front run a "non-hawkish" Fed.
This is also why the US$ is down and Gold is up.
Short traders in the PM sector will have to cover their shorts before Wednesday.
Pascal
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
Forum Rules