I measure the temp by the bond market, however, the currency markets turn first. At yesterdays close I was with in a .0001 of a point of increasing FXC from 1 => 2% and move 1% from gold to YCS (yen short). Both of these moves would have been 'risk on' even though the temp remains a rock solid -120 and in fact is very close to -160!
Close only counts however in hand grenades and horseshoes.
As mentioned in a previous post the current winter could well be a false bottom as July was a false top.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.