DXY Wyckoff distribution
Here we go ladies and gentleman, after calling the bottom and an unprecedented run up in the dollar we have a top for now. (tested the 2016 highs)
This went a little over my initial projection though we can see that its finally confirmed (i think about 80%) that this is indeed the end of a great dollar era.
as far as the impact on equities I think that we could have a crazy blow off top rally with interest rates still needing to go higher to tame inflation and not much that the fed can do to pivot to tackle that.
Bonds are done for now.
commodities can still go higher.
Oil is still going to go much higher because of demand even though there is a slight trembling in the economic conditions. J pow can continue to raise rates because there is still somewhat of a strong economic backdrop and will not raise unemployment by raising rates.
only time will tell,
That's all folks
This went a little over my initial projection though we can see that its finally confirmed (i think about 80%) that this is indeed the end of a great dollar era.
as far as the impact on equities I think that we could have a crazy blow off top rally with interest rates still needing to go higher to tame inflation and not much that the fed can do to pivot to tackle that.
Bonds are done for now.
commodities can still go higher.
Oil is still going to go much higher because of demand even though there is a slight trembling in the economic conditions. J pow can continue to raise rates because there is still somewhat of a strong economic backdrop and will not raise unemployment by raising rates.
only time will tell,
That's all folks
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