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Gold Soars To Record High As Stocks Do Something Not Seen Since Oct 1987
There continues to be a very clear factor footprint across the market, with rotational pressures driving Small over Big / Low Momentum over High Momentum / Growth into Cyclicals / Popular shorts over Longs. On the day, Small Caps literally exploded higher (+3.5%) with Nasdaq unchanged... chart Today also saw a continuation of yesterday’s “Trump Trade” with Bitcoin (+370bps) and Infrastructure (+240bps) leading the market higher. Since 'soft' CPI struck last week, the Russell 2000 has exploded over 10% higher... and the Nasdaq 100 has slumped... chart For more clarification, this is just a massive ... (full story)
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- Posted: Jul 16, 2024 9:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,785
