US Stocks remain the strongest game in town, with the Nasdaq 100 closing pennies from all-time highs today.
On the back of that, I wrote a post for US Subscribers outlining what the “safe haven” assets of Yen, Treasury Bonds, and Gold are doing and what it means for stocks as an asset class.
Given that US market action tends to set the tone for the rest of the world, I think it’s a good read for Indian market participants as well.
Today I want to follow up on JC’s post about the direction in which consolidations are resolving, specifically as it relates to Yen/Bonds/Gold and other intermarket risk barometers in our toolbelt.
Let’s take a look at the charts and see what conclusions we can draw and what questions we can ask about the future.