Quick Notes
An extraordinary session: gold surged nearly 4% to fresh all-time highs while tech posted a modest gain. The divergence between the two assets has now reached historic proportions—gold up roughly 17% from its early January lows while tech trades only marginally higher over the same period. When relative strength moves this decisively, the internal metrics reflect it without ambiguity. Subscribers see exactly how the model reads this environment and what it means for positioning.
Keep reading with a 7-day free trial
Subscribe to The Market Regime Report to keep reading this post and get 7 days of free access to the full post archives.