It isn’t easy being green? Tell that to equities.
It’s clear that it doesn’t matter if there is a peace deal or not. A deal was announced for the 100th time on Saturday, soon to be followed by more bombing and finger-pointing, yet we’re green across the board. As long as the PROSPECT of a deal is at hand, instead of a real deal, the market keeps lumbering higher.
The /NQ, shown above and below, gave up some of its gains when it became clear the deal was non-existent, but it simply eased back to its breakout level and resumed the climb.
Although equities are green across the board, the Dow Industrials /YM is less than enthusiastic relative to everything else, being up a mere 0.39% pre-open.
As for precious, as I anticipated, they are dead in the water for the foreseeable future, such as gold.
Bitcoin, although up over one percent, seems especially unsure of itself.
For me, the only bright spots this morning are my energy shorts (APA, HAL, SLB) since oil is getting hit hard, but otherwise I’m glad to be so light right now since the only “green” experience the bears have had since March 30th has been something like this:
