Monitoring the Armageddon Trade – Day 3

The Four Horsemen of the Apocalypse were split on the Armageddon Trade today.  Gold and the dollar diverged and were non-confirming, though stocks got hammered and took out some short-term technicals.  Bonds rallied off lows to close essentially flat.    Today smelled more like deflation, a global slowdown, troubles in Euroland, and risk reduction than a loss of confidence in the United States.   Or it could all just be noise.  Nobody knows.  Stay vigilant.

(click here if charts are not observable)

This entry was posted in Black Swan Watch, Bonds, Charts, Dollar, Equities, Gold, Sovereign Risk and tagged , , , , . Bookmark the permalink.

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