tyx

As COVID-19 Backs Off and Yields Back Up…

Today came the happy – and inevitable – news. Some day on the horizon this effing virus is going to stop hanging over our shoulders. Some sectors especially appreciated the combo of COVID fears down and yields up.

Among others, the Airlines, +19%…

xal

The pigs, +13%…

kbe

And Energy, +14%… I happened to buy both CVX and XOM last Thursday on a hunch (certainly not on their charts) as the contrary play in spite of Biden and with a side of tax loss season seemed about ready.

But yeah, I lost munny today like any other gold bug. It’s a tough market to keep on top of with so many inputs on the table spinning around like tops. But Captain Obvious would advise that the macro is changing as we venture into 2021.

xle

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