The Daily Market Catch
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The One Big Thing
Back on October 2nd I suggested to clients markets would run up into Oct. 31 – and target SPX $3060 and NYSE $13,333 – with lower prices starting in mid-November through the end of the year. I consider current price action around this level to be ‘cruising altitude’ before it gets a little bumpy again.
In my article for MarketWatch, I predicted higher yields: Despite the Fed’s support, this stock market is headed lower
Then, just after it went to press, we had a historic move lower in bonds for which I was positioned for clients (short bonds and gold, long value and commodities).
Momentum to Value rotation continues:
My favorite mantra applies here: Outliers Revert With Velocity – $VIX
Top Reads / Videos
They’ve built up a gigantic position in foreign, US-dollar denominated assets in order to fund domestic liabilities denominated in Taiwanese Dollars. But how do they hedge this currency mismatch? Nobody has figured it out until now.
For more charts and links like these check out my twitter feed.
To Great Fishing!
CIO LaDuc Capital LLC
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