Timing Ideas

The Spyder shows no major turning date before the end of July.....(look at the biggie end of september!!)

...so I looked at the banks to see that maybe after the 4th of July, but I find it hard to say whether this could be a High or Low...

Looking at the 2 'flight for quality' trades the pictures look like mirror images. Expect some pivot around next week and/or towards Jul 20.

Bottom Line:

• no clear picture in Equities
• TLT and GOLD could have a good pivot in july which 2 good alternatives

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Let me maybe add (Jason brought up this question last week) that our FibTime methodology does not look at seasonalities, because ...

1. we like to keep is clean and simple meaning we know that the FibTime Cluster only shows cycle clusters and not more and not less
2. too many parameters impair the reliability of the forcast
3. we still can overlay Seasonality separately if we want