Victor focuses on the dramatic shift in interest rates and answers the question whether the big market moves since Trump was elected are overdone. Victor also covers the sharp move in crude oil, Gold, Stocks and other markets.
The US dollar is up 10% since May when the Canadian Dollar made it high for the year. Victor on the huge moves in the currency markets, Gold, Stocks and interest rates and the 28% move in Copper in the last 5 weeks.
The Dollar & Bonds market reaction to Donald Trumps election has been massive and the movements dramatic. Its time to step carefully depending on your time frame. Victor on the likelihood of a Fed interest rate move and the huge ETF sales in the Gold.
Victor Adair on all of the significant enough changes in the market that he has taken profits and gone to a cash position, closing his short Gold, short Stocks, short Euro, short crude oil and lightening up on his Canadian Dollar position.
We took profits on short Gold positions for gains of ~$90. We are neutral on gold and we remain USD bullish, and have yet another reason to be bearish CAD. Our trading accounts have been short US Notes and Bonds for the past several weeks as interest rates have been rising. The stock market looks toppy and much much more.