Whilst we are bullish on equities, high yield currencies, and commodities and bearish on US treasuries………we are still somewhat uncomfortable and need to see bullish/bearish confirmation in the following securities before we sleep easy at night:
- Commodities – Crude above 82
- Equities – the Value Line above 2230
- Currencies – DBV above 24
- Treasuries – TLT below 93
Notice what happened on October 20th, Crude, the Value Line, and High Yield currencies (DBV) all peaked within a couple of days of each other……If we get multi-week highs in Crude, the Value Line and DBV then it is a foregone conclusion that US Treasuries will fall into the abyss…….Of course not being ones to sit on the fence we think this will happen…..given the explosive rally in Gold and Silver!
Our wealth creation portfolio is up around 22.61% since the beginning of the year with approximately 40% of the volatility of the S&P 500. This portfolio is not leveraged.
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