Sentiment is setting up for stocks and against safe havens, which means on a contrarian basis at least, Treasury bonds, gold and gold stocks are at risk.
As always of late, we are watching the silver-gold ratio and a bunch of other indicators. Our preferred inflationary growth theme is not quite ready for prime time but it is still whirring along behind the hype and emotional market activity of the moment.
Furthermore, blah blah blah… the report helped me as an individual participant as it usually does. I felt pretty clear about things by the end of it.
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