The market took a tumble yesterday on strong chatter of China tightening, just wait until we see an uptick. As a result, commodities and materials took a thumping, I think they are also becoming sweet buys by the way, it is also the only bull market I believe in, yet I’ve never been so long in other sectors.
The finacials get kicked and punched, but just won’t stay down, until they stay down, this market is going higher. On that note, most of the marquee financial names have reported, but this morning we have Goldman. Let’s see if Blankfein is the only one who made money trading bonds last quarter.