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Hello All,...
As part of my normal thought process,..I watch how different financial
markets inter-relate....the John Murphy "Inter-Market Analysis" thing. Today
was interesting as Bonds rallied,..on expectations of a slower economy,...yet
Financials (Banks) were hit hard,..and the US Dollar was weak. Normally Bonds
and the Dollar going in different directions are enough to make me wonder
what's up,...but on top of that,...the S&P500 was down today (thanks to the
Financials) with bonds rallying,....somewhere there is a "disconnect",..one
of these markets is wrong. I would appreciate the toughts of others on this
subject,..in the past when such divergences have occured,..how have they been
resolved. My own thought is that Bonds rallying eventually will be a positive
for Stocks,..and that today's setback in stocks was overdone. Thanks in
advance,..and a good evening to all.
Regards, JIM P.
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