In any case, I didn't need CNBC to tell me what I already knew and what I've been posting for weeks. Treasuries broke down out of their short term support zones and stocks took off to the upside.
Gold took another beating on a higher US Dollar but I believe there is more to this story than just the traditional correlation. I'm thinking thru my thesis on the yellow metal and also considering whether the inter market relationship between the Dollar and equities may be changing?
The only concern I continue to have with this rally is one I identified in my commentary on Sunday: