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• Stocks bounce strongly and some funds hit fresh highs ... Health Care (XLV) at record highs, helped by the Biotech … Real Estate and Utilities at 52-week highs … Utilities are leading the breakout higher for stocks
•Junk bonds bottomed last week … SPY outperforms TLT, even though TLT at 2017 highs … Investment-grade corporates (LQD) set new record highs (adjusted for dividends)
•US Dollar hits multi-year lows and is not exhibiting bottoming action yet … Marking a bounce area for DXY and a pullback for Euro
•Gold takes advantage of weaker dollar and breaks above $1300 for the 1st time since last November … Gold is in a bull market since March 2016 … GDX follows gold higher
•West Texas Intermediate vs Brent Crude – higher prices in the short-term likely
•Natural gas rallies for the week
•Copper continues its breakout with fresh 52-week highs
Many of the charts mentioned in this video are located here: stockcharts.com/public/1229503