ALERT: This Will Be The Biggest Shock For The World In 2016
KingWorldNews.com
April 20, 2016
This will be the biggest shock for the world in 2016.
Peter Boockvar: The continued rally in stocks resulted in the highest spread between Bulls and Bears since last August according to II, right before that market selloff. Bulls rose to 47.4% from 41.2% last week and vs 45.4% in the week prior. Instead of coming from the Correction side, those Bulls came from the Bear side where they dropped by 6.1 points to just 21.7%, the lowest since August. I’ve said for weeks that the shift to the bull side made this index no longer a tailwind from a contrarian standpoint but was definitely not a headwind yet. With today’s reading getting stretched again with bulls now 25.7 points above bears, it now becomes so…
The Biggest Shock For The World In 2016
With the CRB index yesterday closing at near the highest level in 5 months, I’ll repeat my call again that the biggest surprise of 2016 will be the uptick in the inflation stats in the back half of 2016 and the commodity bear market is over. Oil is of course the daily discussion but metals prices and food are also leading the way. The CRB food index yesterday approached levels last seen in July 2015.
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