Weekly Update

Liquidity trumps all.  The collapsing yen continues to provide a strong tailwind for stocks.

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click chart to enlarge

click chart to enlarge

click chart to enlarge

click chart to enlarge

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Gold needn't rise to signal inflation. Failing to collapse now is signal enough.

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Short & Sharp

Short & sharp are characteristics of bear market rallies. Today's move has enough power to carry for a couple of more sessions.

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The pump never stops. Chart includes today's FED data release.

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The FX climate has turned chilly. The weathervane was nicely positive this AM, but seemingly used up that goodwill with today's rally.  it was neutral by day's end.

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So So Liquid!

The Money Printing Pump chart below contains today's updated Fed data. The pump weather measured by balance sheets or the FX Weathervane shows very liquid conditions for markets.

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click chart to enlarge

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click chart to enlarge

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