The most pronounced feature of the bear market from 2011-2016 for me was how geopolitical risk had no impact on price whatsoever. News that would have otherwise been bullish had nom impact. The last week’s price action is completely different. Bull market.
If we get the long awaited rotation out of the general stock market things will get very interesting. Yen breaking up and dollar breaking down – so far, so good.
The most pronounced feature of the bear market from 2011-2016 for me was how geopolitical risk had no impact on price whatsoever. News that would have otherwise been bullish had nom impact. The last week’s price action is completely different. Bull market.
If we get the long awaited rotation out of the general stock market things will get very interesting. Yen breaking up and dollar breaking down – so far, so good.