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Parade of all-time highs in risk assets confirms the bullish posture
Rally could extend into the year-end driven by staples, utilities, and real estate Investment-grade bonds and Treasuries are showing signs of a bottoming action Junk bonds near all-time highs are good for stocks Dollar continues with its possible breakout, while Euro hits 52-week lows Gold under pressure due to strong dollar Breadth measures for gold continue to deteriorate, but an oversold rally cannot be excluded Gold comparable period is October 1995 Oil trades sideways for the week Natural gas: gap and run on the weekly chart Copper overbought near 52-week highs Charts mentioned in this video can be found on our public charts page here |
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