Thank you, Japan. You were so generous. But anyways, here comes the hard pivot.
Now, if the fed pivots may 2nd.. i'd expect walmart to fly sky high to new highs.. but theres a recession coming. Aint nobody going to buy walmart into new highs in the face of a recession. me thinks ****s about to hit the fan.
Here we can see Japan is slurping up bonds to hold down oil prices. (vs. USD: Red) (vs. SAR Green) Simultaneously the us05y (orange) is compressing below the us30y (yellow), uninverting the yield curve and firing off our famous recession signals. But people wonder why the MOVE index is so wildly off the charts..
bonds are telling the market that stonks are overpriced.
"Sometimes we see things in this world that defy belief. When that happens, you have only two choices. Either believe what you see with your own two eyes, or you give up drinking."
oil and gold are trying to go higher but the consumer is tapped out. #deflation
Bear in mind, the consumer is tapped out and the global economy is turning. You cant keep raising the price of oil. The shaded zone shows where the dollar could go. I think dollar strength is going to collapse oil, stocks, and gold in a matter of weeks.
The return of risk-off.. Biden and Xi will be desperate to drag the dollar back down. Equities will follow. When currency interventions aren't enough, they bring in the big guns.
Dont let these trend downward together. Mr Market might just leg down.
JPY (light blue) vs CAD (blue) x yield formula vs spy ...Yields rule everything around me. #GotPivot?
The days following Nov 2 FOMC will be extremely volatile.
Come February, after wall street bonuses, equities will surely collapse. Getting defensive now.
If it can find support here, we might see zencash establish itself as a formidable anonymity token. Target .0034
Looks like a NEO is ready for a massive move. One more challenge at that .001 resistance and I'm optimistic about a full trend reversal.
Elliott wave 5 is coming. each red line is a 50% retracement. place the length of Elliott wave 3 above the recent high and you'll have your Elliott wave 5 target.
Big moves ahead. All signs point to bullish, but i personally hate this pattern and can only assume a drop to 19.