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Happy Labor day everyone. I could not resist the title September Morn today.
It feels like a big move is coming after the volatile August.
Ivanhoff and I took our tour around the markets to get a feel for which way things may go. You can watch/listen here on YouTube.
Why something big?
The markets feel coiled. On the one hand, there is this flight to safety showing up in bonds, utility stocks, gold and yen. On the other hand, the S&P is only 3 percent from all-time highs.
This flight to safety could be a tsunami warning or will unwind and see money move back into the markets.
Of course just maybe, we have printed so much money that risk on and risk off work together in harmony.