Who’s Got the Most Ammo in a Currency War?

You would think logically that the nation and its central bank that have had the strongest currency and firmest policy (I know… but work with me here) over the last few years might have the most bullets in its gun. The monthly chart below shows that USD bottomed vs. other major currencies in 2008 and in some cases a few years later. The Good Ship … Continue reading Who’s Got the Most Ammo in a Currency War?

Powell Doves, Yield Curve Spikes and SPX Hits Target

The CNBC headline tells the story. Here is the bump in the yield spread, which never did make a lower low and thus, held its steepening potential despite the recent hard pullback. Not being a great trader (or a machine/algo) I now have concern about the contrary implications at play here and need to at least think about profit taking as we move forward. Here … Continue reading Powell Doves, Yield Curve Spikes and SPX Hits Target