VIX kissed the trendline...as expected. Now I am waiting for the reversal - should be quit a show.
The corporate bonds chart below needs no lables...Clearly the market rally is diverging with the smart money in bonds...we need to watch these bonds early next week.
My scenario seems to be coming together nicely...Dow pushed out a minor high extension and maybe we can get a little more from the SPX...but otherwise the market is most likely nearly done.
Iran War Hype, Gold, and the Fed’s Debt Bubble
-
Iran escalation, fragile debt markets, and gold flashing warning signs.
Mark Thornton explains why this bubble won’t end gently.
3 hours ago


