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
Monday, January 31, 2011
Odd Month
Source: Google Finance
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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".....
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