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The only thing I track that’s down right now is Cathy Wood’s new fund XARKX - off slightly. Her ARKK, however has been running about +7% today. Go figure.
“Is this a selling or buying day for you ? I'll be watching as for myself.”
It’s a “nothing day” for me. But tempting to take profits on a recent spec position in a gold miner. Just watching the fireworks in what had become an oversold p/m mining sector. The energy & diversified mining sectors I follow are also hot today. And nice to see banks have a couple strong days after getting hammered most of the year.
Some may attribute the move in precious metals to the Ukraine situation. I’m more inclined to think it’s a reaction to BOE’s actions last week and (the perceived) likelihood other CBs may follow suit. One hint - silver has been strongly outdistancing gold for the past few days.
What makes absolutely no sense to me is the strong uptick in equities at the same time the Ukraine situation has (supposedly) become increasingly dangerous. Makes no sense unless something “behind the scenes” (ie settlement talks) is taking place. To be clear, I’ve seen no evidence to that effect. And - I do not base investment decisions on macro-outlooks / predictions.
Comments
“Is this a selling or buying day for you ? I'll be watching as for myself.”
It’s a “nothing day” for me. But tempting to take profits on a recent spec position in a gold miner. Just watching the fireworks in what had become an oversold p/m mining sector. The energy & diversified mining sectors I follow are also hot today. And nice to see banks have a couple strong days after getting hammered most of the year.
Some may attribute the move in precious metals to the Ukraine situation. I’m more inclined to think it’s a reaction to BOE’s actions last week and (the perceived) likelihood other CBs may follow suit. One hint - silver has been strongly outdistancing gold for the past few days.
What makes absolutely no sense to me is the strong uptick in equities at the same time the Ukraine situation has (supposedly) become increasingly dangerous. Makes no sense unless something “behind the scenes” (ie settlement talks) is taking place. To be clear, I’ve seen no evidence to that effect. And - I do not base investment decisions on macro-outlooks / predictions.
Not much Buys except PLTR and little dips vpccx