Wednesday, August 24, 2011

Equities Up... Fixed Income Down

Interesting day. Equities, fixed income, and gold reversed course for the second day in a row after huge runs in the other directions the previous weeks / months, but commodities, EM (equities and fixed income), and non-US currencies didn't participate in the festivities.

I still don't understand these markets at this time (I feel like I would simply be speculating the impact of Bernanke's Jackson Hole comments), so I am largely sitting on the sidelines until I have a better framework for how to play this.

Source: Yahoo Finance

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