The Next Big Trade
Looking forward the next big moves will be in these securities. Nostradamus would be proud!
Short Aussie stocks as the China slow down is more than a soft landing.
If you don't believe in the real risk of a hard landing, then the FOREX traders sure do! The unwind of the AUD and FXY carry trade is not helping.
Speaking of FXY, still falling.
Mean while gold is on the come back.
"The market is like a slowly revolving wheel: Whether the wheel will continue to revolve in the same direction, stand still or reverse depends upon the forces which come in contact with it hub and tread." ~ Richard D Wyckoff
"The four most dangerous words in investing are 'This time it's different'" ~ John Templeton