Given the current backdrop in markets, the wild eyed optimism of a completed trade deal and steadfast corporate profits seems unsustainable to say the least.
Inter bank lending remains at very subdued levels, and there is a growing sense of unease below the tranquil surface.
Today's shooting star in the S&P 500 should cause considerable reflection. Only a year ago we faced the "December to remember" with a rapid decline in equities. Today many similar conditions exist again, making us even more skeptical about the market, and more optimistic on the precious metals sector.
Caution is the word of the day.
Inter bank lending remains at very subdued levels, and there is a growing sense of unease below the tranquil surface.
Today's shooting star in the S&P 500 should cause considerable reflection. Only a year ago we faced the "December to remember" with a rapid decline in equities. Today many similar conditions exist again, making us even more skeptical about the market, and more optimistic on the precious metals sector.
Caution is the word of the day.
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