Thoughts {10.06.15}

Actually Wages Are Going Up.  {Business Insider}

Time to Buy Energy?  {CNBC}
 *Long ETFs related to the energy sector in client and personal accounts.

"Global Stocks Enjoy Best Run Since April."  {Bloomberg}.  Ok here's the deal.  Go back a week or so and the negativity was so thick that you'd have needed fog lights to navigate through it.  We've had a a five day rally that's essentially worked off an extremely oversold condition and the financial press cheerleads like it's the height of a bull market.  You know I think we've been going through a retest of the August lows.  So far that's been successful but I think there's an awful lot of work to do on the upside and I wouldn't be surprised if we see a few more bad days along the way.  Not sure the "I told you so's" on TV are so willing to admit that a week ago they were a lot more bearish than they are today.

So if you want an exogenous event that has the potential to get out of control and catch an awful lot of investors unaware, keep an eye on Syria.  Go read over at the BBC,  "Syria Conflict: NATO Warns Russia on Air Strikes".