Monday, January 31, 2011

Odd Month

Justification for the below?

  • Risk on / reflation in the developed world (continued dollar sell-off)
  • Brakes thrown on in emerging market world
  • Sell-off in rates across the board
  • Gold and oil off because... who knows

Source: Google Finance

1 comment:

  1. yes, funny month of mixed returns indeed, especially seeing commodities/euro move up and gold/oil move down, usually those 2 groups are pretty well correlated, however overall i think the movement is suggesting lower interest rates out of the FED. Since this is so obvious it can only mean the trade going into February/2nd Qtr is long quality gold stocks, short pricey commercial real estate I think, scale in and out of the best pairs, love fading big moves like this from prior months, as they say "this too, shall pass".....