It appears the last two days saw big moves upward in all of the following:
10 and 30 year U.S. Treasurys
GLD
DBB
FXE
SPY
DIA
QQQQ
Stocks, bonds, commodities, everything on a roll at the same time. This can't be a sentiment shift (since Treasurys typically move the inverse of equities.) Our guess is derivative profit taking is pushing up underlying securities.
Tuesday, November 17, 2009
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