Today, both oil and gold stocks came out of the gate with gains and fresh new highs. But stocks scooted up to a 74 point gain on the Dow. Hmmm. Oil did back off its peak
But then stocks crater to a triple digit loss and gold and oil don;t do much. Stranger.
But gold and oil are still up with nice gains yet oil and gas stocks are much lower. Stranger.
I have no answer for you here. This market – all markets – are in flux and given all that has happened in the past two weeks flux to me means topping.
