The trend in oil and oil shares continue to trend down.
Same with precious metals.
I think we get the inflation numbers out tomorrow. I believe they will come out lower than expected.
I think thats why long duration bonds have been rallying. So if your short take your position size down to its minimum.
I believe the economy is slowing. I think thats why consumer shares are down like restaurants and consumer staples. They may continue to trend down.
The overseas emerging markets like Indonesia, Philippines, India may continue trending down too.
Commodity producers in Australia will probably trend down too, the whole share market could trend down including the Aussie Dollar.
Similar in New Zealand.
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It seems we are entering a breaf quad 4 where everything trends down accept Utes, US Treasury Bonds ect.
As of now the Tech book continues via chips, AI and related shares.
In other words the inflation scare maybe coming to an end, at least for a month or so.
It will be interesting to see how it all pans out.
This Tech boom will be big I think but am not sure how it pans out. I hope its deflationary and gives us more liberty and prosperity.
So far the Tech Bros, as they are refered too, want a new kind of feudalism. A new kind of slavery.
One version of it is the Hunger Games, another is Sarajevo Safari.
Its all pretty grim but I prefer to be optimistic, plus I think some of this slavery will be hard to be enforced.
If there is no incentive to produce peopke wont and robots and software cant do everything despite what people say about sex robots ans AI girlfriend s / sex robots.
Anyways have a great day.
Happy Hunting.
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