Of course the market is partying today

Market sentiment was reset perfectly by Omicron & taper fears Just so you, dear public reader, know, NFTRH was well prepared for the sentiment gymnastics associated with the coming of Omicron (in combo with Fed taper hysterics) and with the oh so not surprising relief from the Omicron dud. Perspective on the sentiment event in play has been provided routinely over the last few weeks. … Continue reading Of course the market is partying today

Uncle Buck continues to rampage

The US dollar (DXY) continues to target 98 In Q1 2021 USD bottomed amid the usual suspects proclaiming “dollar collapse!” and “death of the dollar!” and inflation as far as the eye can see. Zero Hedge led the charge. As the inflation trades labored into the spring USD formed a neckline (black dashed), dropped for an interim (at least) last hurrah by the inflation boosters, … Continue reading Uncle Buck continues to rampage