Dame Daxx

Have We Reached a Near-Term Bottom?

Two months ago we also had a big Short Covering Rally in Financials. But that was accompanied by a Massive Sell Off in Commodity Stocks

This time it's quite different. Financials have rallied, but Commodity Stocks were also up a lot today. This suggests that we're seeing not just some Sector Rotation, but New Money coming into the Market today.

I have much greater conviction in this Bottom than in the other 4 we're so far seen this year.