Here are the 3 most defensive assets I can think of, where money flows the fastest when it’s scared and looking for a safe home.
It’s hard to make the argument that a flight to safety is what’s happening if they’re all making new lows right?
Click on Chart to Zoom in
Go back and do the homework. When shit is hitting the proverbial fan, where does money flow the fastest? Into these 3 above.
Is that what’s happening here?
Not to me it isn’t.
Looks like money keeps flowing out of these defensive assets and into risk assets like Base Metals, Energy, Stocks, etc
Do you see something different?