Lions and friends…
As I am writing this, the MMRI is just over 255.
Stock futures are in the red with crude, crypto, gold, and silver also under some pressure.
Three things, or a combination of the following three must happen.
The Fed. Buys more debt and pushes the 10 year yield lower.
The relative strength of the dollar must fall.
OR
The Fed. Buys stocks.
IMO the stock market IS NOT going to like rising risk ESPECIALLY in light of today’s economic news regarding manufacturing and factory activity continuing to slow.
Getting VERY interesting!
GM
NEW LINE in the SAND has been elevated.
STAY LONG?
BUY COMMODITIES.
The stock market has now become the Fed balance sheet, for all intents and purposes. Think Japan. It isn't a market, as it has no price discovery. Looks like they are choosing to destroy currency/purchasing power of everything. Stocks can go to infinity, but you will still be homeless.