DPR Update – Thursday, June 1st 2017

DPR Action: Nothing to do but hold the position

Nice day!  New all time high in the indexes.  I think what we are seeing is the funds pouring money in at month end and now into the beginning of June pushing everything higher.  The big push had already happened when President Trump told the world that the US where leaving the Paris climate deal only to have the intention of re-entering under different conditions.  Seems that it is going down like a lead balloon in other western nations right now, so we will see how that all pans out.

Clearly the financial markets are not too bothered by it, and that’s not my personal view, just an observation of the market action.  Perhaps the US markets like it when their leader makes bold moves to “Make America Great Again!”  Anyway…

So it was a fine day and once again nothing to do as the trade is now up over 6% in an open position.

Bring on the bulls!

John