Subscribers – Page 190 – Spiral Calendar

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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To the Brink and Back

Stocks are out of the woods, temporarily.

click chart to enlarge

Stocks were highly correlated with Central Bank balance sheets at the May highs. Now they are highly negatively correlated with same.

click chart to enlarge

Apparantly, Wall St. is counting on the Bank of Japan as savior.

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