All About The Buck

At the end of the day, stocks are going to follow dollar yen. And not much else matters.

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Stronger dollar weakens  collateral value of Japanese and European balance sheets. But the market is simply discounting future money printing.

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click chart to enlarge S&P breadth remains weak. In fact, breadth around the world is weak now.

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Fed vs. Nature

Who's going to win?  

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The Central Banks just won't quit.

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Weaker dollar is bullish for gold.

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Weak, unless it's signaling a sharp acceleration.

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The Spiral Calendar – In from the Wilderness

The previous blog post lays out the reasoning that The Spiral Calendar may again be a useful forecasting tool. The Central Banks grip on price appreciation appears (at least for now) broken. We don't doubt they will try to reassert that grip.  The break seems to have begun near or on the May 19, all time high in the S&P 500.

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