Category: Yen
Still Blowing on the Bubble
That combined Central Bank balance sheet keeps going up!
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Dancing Cheek to Cheek
It certainly seems that all you need to know about the short direction of the stock market is whether the Central Bank balance sheets are expanding or contracting in dollar terms.
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My latest in the "Money Pump" series of charts - The Big 4 Central Banks, US, Europe, Japan, and China versus the MSCI World index.
Grinding
Stocks are grinding, and have pushed through resistance, at least for now.
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Listless
Those Central Banks
Pay attention to the Central Banks and their ability to float more paper.
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Four Central Bank balance sheets summed in dollars; the FED, ECB, BoJ and PBoC, against the MSCI World Index.Oil Seasoning
The oil rally has run out of seasoning.
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The crude oil Solunar Model did such a good job with the late January low, we need to pay attention to this seasonal high now.