evening wrap
market vibes
October 22 …)
"Dear Jack, Don't buy a single vote more than is necessary. I'll be damned if I'm going to pay for a landslide." Joseph P. Kennedy Sr. October 1960
The stock market continued its low volume encampment just below its recent highs again today, waiting for orders from major financial institutions to advance. There is a patient unthreatened mood prevalent in the sector as if a mighty army were facing a feeble opposing force of bears.
In the absence of any meaningful data within the next 48 hours, the bond market probed new lows for the move and retreated to unchanged. OI resumed its uptrend implying new modest short selling yesterday.
The euro fell on trend...
…accelerating the vertical rise in Euro/gold to another ATH along with all other major and EM currencies including, JPY, RUB, CNH, INR, and…USD.
In other markets
