The simplest update we’ve ever had.
An update on Nov. 26 talked about how Treasury yields are still set up bullish on the big picture and how inflation ain’t dead yet. A public post this morning talks about how global stocks have not buckled under to the strong USD (at least not yet).
Now let’s also add to the mix the Baltic Dry Index which, for some reason, has failed to get the deflationary memo amid the shocking decline in oil prices and commodities in general.
No single indicator is fool proof or will provide THE answer. But among the indicators this one is very open to a rally in global stocks and commodities as it was up 22% this week as of yesterday’s close.