The rally last week was likely end of the quarter performance gaming and little else.
Fund managers have to report their returns every quarter. With the markets gyrating throughout 2Q16, fund managers were highly incentivized to gun the markets higher in order to redeem the quarter.
However, bonds (the smart money) weren’t buying it at all. Indeed, bonds really haven’t been buying any of this rally since March.
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Neither was the USD/JPY pair, which has lead the markets for over a year now.
More and more this mess is beginning to feel like late 2007/ early 2008: major warning signs abound, but investors continue to move into stocks believing that Central Banks will be able to maintain the bubble.
Smart investors are preparing now for what’s coming.
If you are not preparing for a bear market in stocks, you NEED to do so NOW.
I can show you how.
To wit… in the last 19 months we’ve closed out 93 straight winning trades.
For 19 months, not only have Private Wealth Advisory subscribers locked in 84 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%...
But more importantly, throughout that ENTIRE TIME we’ve not closed a SINGLE loser.
93 closed winners… and not one closed loser… in 19 months.
Based on what’s happening in the markets today, we’ve decided to extend our deadline on our current offer to try Private Wealth Advisory by another 24 hours.
So tonight (THURSDAY) at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
This is it… no more extensions… no more openings,
Chief Market Strategist
Phoenix Capital Research