Updates: The MMRI 221.8 And Falling, Stocks Higher.
From Greg M
Lions and friends..
A whole lot of debt is getting bought up, (and WE can only wonder who is buying as if we don’t know!)
This debt buying along with dropping relative dollar strength is causing risk in the market to fall- which is being reflected in the MMRI, and subsequently stocks are getting bid higher.
All that needs to be maintained in order to cause stocks to get bid higher is the illusion of stability in the debt market and a weaker dollar on a relative basis. In this environment nothing else matters! The world economy could STOP, just as it did with the Covid shutdown, and stocks will move higher.
The number one driver of world equity markets is the debt market… PERIOD.
GM
No reason for stonks to be up today. So sick if it. My car insurance went up 150% because of inflation. Sick of wallstreet pissing on my leg and telling me its raining. Hopefully the Fed holds firm on rate hikes. I think they will.
Stop pretending like MMRI is any sort of metric on the stock market. You look like a fool