Trumps tarrifs have little to do with US markets the elephant in the room in 2018 is rates
They have a very over bought market after a long bull run it went up 17 per cent last year its not sustainable
Headlines like tarrifs are just noise in markets the real driver is bond yields if the ten year crosses 3 and the vix spikes to mid 20s id be closing up shop pretty quick.
Like I said before the last plunge it was well overdue what we are seeing is a classic dead cat bounce
If bonds keep climbing I doubt FBR will hold 12-13 cents if no tangible news does not come
Insider selling in the US on the S N P Has been going on for some weeks pure speculators pushed the market back up but well of the highs
If the all.ords breaks 6000 you can pretty much assume 5800 will come into play break that 5500 will be a reasonable target on a US pull back
If you guys are heavily invested in speccies in my view you need to take some steps to hedge your positions
Gold is spiking some hedges in there
You can read too much in the main headlines the underlying reason the US is pulling back on whip saw action is rates and a over bought market
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