With bonds tanking today on the good cheer of a COVID-19 vaccine candidate and a Fed Chairman who claims to have limitless ways and means toward inflation, the modest steepening in the yield curve appears inflationary at the moment. Silver/Gold, TSX-V/TSX, etc. agree. Now, bounce or real with respect to inflation, eh Beuller?
If it’s real, the Pigs* will likely break the downtrend vs. the broad market. KBE/SPY is bouncing today but still firmly trending down. Things should be interesting going forward.
*Pigs = Banks
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