Looks like all the so called "experts", are going to be proven wrong, as we avoid a Sept. correction. We won't be off to the races until the $VIX is hammered back below the magic 20 number.
Turns out a big part of the choppiness we've seen over the past few weeks/months, is due to "$USD strength" - which Bloomberg finally eluded to this morning - so let's take another look at the $USD chart. What does this have to do with today's trade? Perhaps nothing, but the future of the country, depends on the almighty dollar.
As you may know, one of the big predictions I made in my last interview with Dale, is that along with the recovery in equities, we're also going to see "hyper-inflation", and that may be what put's an end to this so called "recovery". The same recovery they've been promising for the past 14 years, which requires regular injections of funny-money, and bond market bailouts.
I could use the chart below to make the case for hyper-inflation, but today I just want you to take a look at the recent move in the $USD, and ask yourself, does this look like something that's even worth mentioning?
I have many views of the $USD, but they all pretty much point to continued, and accelerated, destruction of the currency - which started a long time ago. This explains why the price of a candy bar has risen like 1000% in my lifetime, while wages - for the average worker - have only increased like 300%? And what about the stock market gains we've seen accelerate over the past year; does a share of stock have the same real value as it did, before the idiots in DC spent 6 trillion dollars (most of it on nonsense), on "covid relief"?
"And I sincerely believe with you, that banking establishments are more dangerous than standing armies; & that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale" - Thomas Jefferson
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