More dollar strength and bond weakness likely this week.
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Month: August 2021
More of the Same
Prices are grinding to nowhere. The liquidity situation (FX Weathervane) has improved late this week with yen weakness.
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Oil Over?
Stocks are outperforming the FX Weathervane. Large weaknesses in FX reading lead to small declines, and small recoveries in the indicator are leading to larger advances. Today's reversal shows the bulls still in charge.
Crude oil seasonality discussion inside.
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Monthly Update
Dollar up or down determines liquidity and liquidity impacts trend.
It's August, I expect the tidal rhythms to once again become relevant in the next few weeks.
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