A contrarian trade looks tempting. Switch out from the rabidly bullish S&P 500 (INDEXSP:.INX), and into gold – possibly the most loathed asset in recent times. A modicum of a reaction is manifesting itself in each of the charts above of the S&P 500 as well as Gold (shown inside the red and green ellipses) respectively. Is it time to book profits in overbought equities and take a flier on trash-canned gold? Equities will outpace gold Not yet, say Citi Research analysts Tobias M Levkovich, Lorraine M Schmitt and Christina Wood in their research note on the Chart of the…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
