The market incongruity of running up both safe haven and risk assets at the same time is back again. The markets are supposed to be a discounting mechanism for future events, the message of the markets is that simultaneously great prosperity will breakout across the world and there will be great calamity affecting the whole
After Brexit there has been a strong up move in bonds and a sharp down move in stocks. Some pension funds tend to rebalance by selling bonds and buying stocks. Our algorithms were detecting footprints of such moves at various points during the rally yesterday. The shorts: Many shorts in the market are of the
Technically oversold short-term Global Markets trader higher today. SPX is at the lower range of last week. I do not see a clear reason to add long positions at current levels. $SPX +1.75% today U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs