Inflection point! Something seems to be happening, but what? Money is moving around. The global economy could go either way, but it seems to be improving.
Money is coming out of bonds, but where is it going? Not into stocks and commodities , not today.
This is a very tricky moment — a lot of traders seem unsure what to do next.
What side are you on regarding global growth? Are you above or below 8 percent on China GDP? Above or below 2.5 percent U.S. GDP? Is Europe in a mild recession, or a more severe one?
Big volume for the second day in the iShares Treasury Bond Fund getting hit hard again today, down another 1.5 percent on heavy volume to the lowest level since October. There's your money out of bonds.
The dollar is rallying again today, and has been up almost every day this month.
That is putting pressure on commodities, with gold down 3.3 percent to a 2-month low, gold stocks at better than 52-week lows.
The S&P 500 is only down fractionally, but the overall stock market is weak: 3-1 declining to advancing stocks.Page 1 of 2 | Next Page