Friday, July 21, 2017


The riskiest sectors and markets led this week...

Bitcoin (Bitstamp, $USD)

Bitcoin had a MASSIVE retracement rally this week almost taking out the prior high...

Inverse volatility had a very good week:

EM currencies and commodities had a good week

Of course the fourth bounce in commodities is when the wheels came off the bus last time, but that's a minor detail...

Small cap growth had a good week

Retail had a good week

IPOs had a good week

Lockheed Martin had a good week

While the dollar got shellacked

Netflix had a good week

Chinese internet

Energy did not have a great week:

Nor did consumer staples


One more RISK OFF "event" and it's all over...