14 November 2016

Just Charts At 3:30 - Good To Me

"When is a crisis reached? When questions arise that cannot be answered."

Ryszard Kapuscinski

And it is also when the excessive leverage of a financialized market begins to implode, as the holders of claims discover that they have been the unwitting victims of misrepresented counterparty risks.

I am upgrading my computer and I am going to have to spend a little time on that one, getting some software and applications that are misbehaving sorted out.

The US dollar was on another tear higher today, and so we saw some weakness in the precious metals.

The bonds, especially the longer dated ones, have been getting beaten up of late. No real surprise there as they were caught up in a mispricing of risk, or in plainer words a bubble, for quite some time, compliments of the Fed.

Stocks were mixed to lower, with the usual suspects showing some resilience in the SP, not so much in the NDX which is tech heavy.

This 'flight to risk' which we have been seeing since the election is acting heavy now, and may be coming to an end.

I have taken money out of cash and put it back into the metals, and selectively in the miners, over the past two trading days.

See you tomorrow.

Have a pleasant evening.