Treading Water

by | Jun 22, 2020 | Daily Note

  • The market is treading water with some breadth measures starting to weaken
  • The usual suspects continue to lead
  • I'm covering Tesla and Apple losing shorts and replacing with August put spreads
  • Both of these are very stretched with one making no sense fundamentally and one just historically expensive
  • Gold sentiment is going higher as it Copper but I like the prospects for Copper more than Gold here
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