It's been a rough week for conventional wisdom in many forms. Markets are soring winners and losers from the wreckage of conventional wisdom.
![1112163dnh](https://spiralcalendar.com/wp-content/uploads/2016/11/1112163dnh-450x315.gif)
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![111216converge](https://spiralcalendar.com/wp-content/uploads/2016/11/111216converge-450x154.gif)
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The S&P has re-synced with the Nikkei, closing the recent lag.
![111216goldyen](https://spiralcalendar.com/wp-content/uploads/2016/11/111216goldyen-450x258.gif)
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Gold says dollar yen higher.
![111216dollaryenwhere](https://spiralcalendar.com/wp-content/uploads/2016/11/111216dollaryenwhere-450x259.gif)
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Relative balance sheet size says dollar yen much higher.
![111216pumpsmall](https://spiralcalendar.com/wp-content/uploads/2016/11/111216pumpsmall-450x256.gif)
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However, dollar strength depresses the balance sheet money pump denominated in dollars. A problem for stocks later.
![111216bigpump](https://spiralcalendar.com/wp-content/uploads/2016/11/111216bigpump-450x274.gif)
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![111216spxad](https://spiralcalendar.com/wp-content/uploads/2016/11/111216spxAD-450x306.gif)
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