We are Living in Interesting Times
Some charts are breaking down and others are breaking up
1. Breaking Down
Central Fund of Canada now trading at a discount to NAV
2. Breaking up
Dollar weighted SPX tentatively peeking up through falling trendline
Latest move on USD vs Oil has retraced more than 50% of previous fall
In context of JPM breaking down, Banking Index breaking up relative to Industrials is very confusing.
What to make of all this?
No sensible idea