Dollar Rocket Launch

The dollar appears to have begun a huge move, with implications for just about every other market.

082616pump

click chart to enlarge A big dollar rally will deflate the Money Printing Pump very quickly.

082616spxAD

click chart to enlarge

082616spxnikdol

click chart to enlarge Dollar rally will collapse the Nikkei in dollar terms, the S&P should follow.

Subscribe to see the rest of this post.

Weekly Update

080716spxAD

click chart to enlarge

0807163dnh

click chart to enlarge

The first two charts are arguably bullish, with stocks appearing to have weathered a pullback with minimal price damage.

080716pump

click chart to enlarge

That weak dollar sure helps keep The Money Printing Pump in expansion mode.

080716goldequalyen

click chart to enlarge Dollar yen and gold are the same market these days.

080716nikspxyen

click chart to enlarge The Nikkei and the S&P priced in yen is also the same market.

080716spxingold

click chart to enlarge Quod erat demonstrandum, the Nikkei and S&P in gold are the same market, as indeed the chart shows they are.

Subscribe to see the rest of this post.