Today is a special day – Kelley’s Birthday – thanks for all you do Kelley!!!
On to the market. How do you suspect the bounce in the value stocks and especially the banks is an oversold bounce vs. a fundamentally driven move?
- There was no catalyst other than just being down so much
- There has been no change in the U.S. Treasury yields and long-term inflation expectations
It is why we look for both to see a sustainable improvement, rather than go by a single day. It is however nice to see.
If you haven’t seen it yet, please take a look at our post yesterday in the Macro (gold) section – it is a really important one that suggests where there is an opportunity for improvement.
Past performance is not a guarantee of future results. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.
Sign up for more access!
Access additional content across the site when you sign up for an account.