Stock Market, US

I created the title and then had a flashback to Spy vs. Spy… :-)

Anyway, here are some daily charts of other items vs. SPY.  I am getting nudged in the direction of ‘inflation trade’ and as part of that I might need to concede that the US stock market may not go the way of the bears with inflation in the system, post-Goldilocks. Several of my long positions are in alignment with a potential ‘inflation trade’, including US manufacturing/exporters.  I still hold SPY short.  Ouch, but it’s more than fine; the 2016 out performers are seeing to that.

Here are relevant markets vs. SPY, beginning the EM’s, which we long ago noted were out performing.  EEM-SPY is doinking the SMA 200 for the first time today.

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