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Re: 77steel post# 4227

Thursday, 04/06/2017 11:10:57 AM

Thursday, April 06, 2017 11:10:57 AM

Post# of 4668
This Is My Read as of Today.

Growth indicators: one down, the other neutral.

Inflation indicators both down.

The season could be characterized as borderline fall or winter depending upon which way the neutral growth indicator moves. In other words the market is at a critical junction.

What has happened is that the re-inflation trade has now turned to the deflation trade.

I have a quarter of my money on the sidelines waiting for neutral growth indicator to move, with 50% in depression loving IEF and 25% in growth loving JNK/HYG moving from HYEM as oil prices has firmed.

If the neutral growth indicator does turn south, I'll move all in to IEF, and begin to monitor SJB.

GT
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