Half way into the year:
GLD up about 14%
SPY down about 8%
TLT up about 11%
TLT is neck-and-neck with GLD after factoring in dividends.
Stock market technicals look terrible. SPY has broken support at 104, activating a head-and-shoulders top that projects to about the 87 level. The 50 day-moving average is about to cross under the 200 DMA. Some call this a "death cross," with that moniker, it is bearish indicator.
No comments:
Post a Comment