Subscribers will understand the macro implications of a breakdown in the ‘V’ and the ongoing downtrend in its relationship to the Canadian TSX index. Anyone else should realize at the least that the time is not right for speculation in the far reaches of the ‘resources’ and ‘inflation’ trades.
This is how I vacation! :-)
The real question is when pm’s bottom. Today the SMH/SPY did not make a new low. That ratio often bottoms before pm’s do.