01 August 2009

Benchmarks : Jul09 Update

  • USD Index : First close below Lehman Sep08 levels. Much fresh downside to go for here.
  • US10YY : A pause in yield upmove? Perhaps. Not sure.
  • S&P500 : Immediate upside momentum but am half convinced still that long term trend here remains down.
  • Gold : Long term uptrend but sideways for now.

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