Wednesday, May 17, 2017

Memogate Sends Futures Nosediving Lower; Gold and Bonds Rally

Dow futures are tumbling, off by 107, as memogate menaces the Trump administration with fresh happenings. I guarantee you the market will drop by 20% should Trump earn an impeachment. Because of that eventuality, market shills are barreling out of stocks as the odds of Trump dying in jail increase.

The main beneficiary of all this tumult is gold, currently higher by 0.5%.

If you recall, last week I postponed reallocating into the market because both gold and treasuries outperformed all market cap quantiles of the market. According to the math that I’ve been doing in my spare time, my model will fucking humiliate yours, reduce you to Hillary Clinton seizing out near her mobile ambulance outside a 9/11 memorial.

My current allocation is 5% GLD, 5% TLT. Should they both outperform again this week, my allocation will increase to 20%.

A whirlwind of venomous hatred and pain is heading your way. For every action is a reaction. Welcome to the end game.

The post Memogate Sends Futures Nosediving Lower; Gold and Bonds Rally appeared first on Trading with The Fly.

May 17, 2017 at 07:23AM

from Dr. Fly