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Remember the 90-day “pause” on the tariff wars? (We didn’t have the TACO term yet back then) That pause sent markets blasting thousands of points higher since then, and it ends on July 9th, seven trading days from now. Since then, I think we’ve achieved a partial deal with a single country, the oh-so-difficult Great Britain. Just sayin’.
I hadn’t really considered Nike (NKE) as a short, but the surge after-hours looks like it’ll push the stock to a beautiful gap-seal. Let’s see what Friday holds before moving forward!
Here’s how the crystal ball is doing mid-year……….
You could call them “inflation trades”, but the post-2021 phase and its heavy inflationary effects * saw commodities generally trend downward as hawkish Fed policy ** supported the US dollar.
So I came up with a new and more accurate way to describe a widespread commodity bull phase; the Silver/Gold ratio trades. When silver leads gold the indication is that cyclical markets, pumped as they were through the magic of inflationary policy, are still okay.
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