S&P 500 Buyers Are Smelling Fine Opportunity

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S&P 500 buyers had a good Friday, and market breadth confirms that beond cyclicals leading over defensives. Even if bonds are relatively cautious, there is still more juice in this bear market rally left – I continue leaning bullish, clearly bullish. The dollar isn‘t going anywhere, has been my memorable call almost two weeks ago before the BoJ not yielding an inch move – the dollar relief rally isn‘t yet here, and more downside looms. This already had powerful consequences for real assets – neither precious metals, nor copper corrected much, and crude oil is on a slow but firm upswing too. Ci…

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