My guess still is that we go down fairly hard (but no disaster) after making a marginal new high in the spoos.
Action today especially impressive since bond yields are up sharply.
Picked up a LITTLE GLD today. I doubt we have seen the low, but it has dropped enough for a modest bounce IMHO.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi