Looks now like a May turn in most markets. Somebody "Large" is betting on big inflation (CBs?). The problem I have with that is the rising foreclosures in real estate and the lack of buyers on resale sites like CraigsList and ebay (even at fantastic price points). The economy is being starved of cash because the debt interest is consuming it all.
Trump had better get some people in with new ideas. He is picking people without vision. Just more of what got us here. Change frightens Republicans (and I don't mean that as a putdown, it's just a fact. Rs are soldiers, not brilliant generals). Most times, the Rs are the glue that holds the society together but there are times when you need a quantum leap. Not sure I see anybody like that around right now. Maybe what we need is the world's biggest pragmatist to step in and do some "yardwork." But, where is such a fellow?
Part of what we are seeing is a result of the few always taking the opposite position in the markets, and, having the power to move the markets. The smarter the rats in the maze become, the wilder the countermoves are. This fact is a large part of the puzzle we are working on.
As for cotton and most markets, it is my view to stay out until May....said the rat in the maze..lol. Boog is a good analyst so I'll defer to him until then. :-)