Fed meeting is coming up and it is expected to end QE 3. This chart has four major asset classes all in one, and showed risk-off period from 10/3 to 10/15 and risk-on period from 10/15 to date. as of today, the chart seems to suggest a new period of risk-off may be emerging.
If it can play out that way, stock and dollar may get hammered and treasury and gold may get a boost.
If TNX and SPY break out in coming days, that may mean 10/15 is a market turning point, and much more than just a counter-trend oversold/short squeezed powered rally.
So again this is a critical juncture and may influence asset allocation for November, December and maybe January.
If it can play out that way, stock and dollar may get hammered and treasury and gold may get a boost.
If TNX and SPY break out in coming days, that may mean 10/15 is a market turning point, and much more than just a counter-trend oversold/short squeezed powered rally.
So again this is a critical juncture and may influence asset allocation for November, December and maybe January.