Is a Rotation Out of Treasuries – Into the NASDAQ Gang of Six Underway?

Is a Rotation Out of Treasuries Into the NASDAQ Gang of Six Underway? One trader’s garbage is another trader’s treasure.  Sure seemed that way on Tuesday as the markets jumped higher on the “no news is good news” development picture on Syria.   But then gold had enough selling and moved solidly back above $1400, crude had enough selling and pushed back above $108.  The DJIA and Russell 2000 briefly went negative, with both leap frogging their way back to higher by the close.  The Gang of Six + Facebook look have taken on the leadership roles for the NASDAQ 100 and to a lesser extent the S&P 500.  Facebook’s upgrade from last Friday continues to support the somewhat skewed “flight to quality” as money drains out of the bond market.   It will become increasingly difficult for the gang to shoulder the burden as the bulls torch bearers.  When this becomes apparent the disappointment should resemble a smack down and will likely be kicked into gear by an external even

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