The dollar is down. Oil is up; copper is down. Gold and silver are down. Bonds are down.
It’s Friday. I have only one thing to say about the market right now: I don’t like it. Long term it’s fine, but near term I just don’t like it. If I’m wrong, fine. I’ll miss some upside. But at these levels the risk/rewards aren’t there; the easy money has been made. I’m being cautious in the near term. I’ll discuss more of my thoughts this weekend in the weekly report.