The dollar is flat. Oil is up; copper is down. Gold and silver are down. Bonds are down.
Last week was very quiet. Other than a move up Wednesday morning and move back down Wednesday afternoon, the range was tiny, and the closes were all within a short distance from one another.
Overall the market is doing just fine, but in the near term it’s mixed and confused.
This is not a time to place big bets. Recognizing an unfriendly environment and choosing to keep things low key is extremely important.
Hopefully we’ll soon be given a friendlier environment, and we’ll be able to press a little.
Until then, no big bets.