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| Please do not disturb the Amazon.com wagie |
| USD/CNY weekly |
This also explains the sudden surge in BitCoin and other cryptos for the last couple of weeks; insiders know this is coming and are fleeing the scene.
If the market tanks in 2019 -- say if we plummet to the lower support in the next 2 weeks -- then the Donald Trump will have absolutely no choice but to go full scorched earth on the Bolshevik Democrat party in 2020. He must destroy the evil party and salt the earth.
Note how we kissed back the Christmas rally channel this week. The big bounce into early July is to the .618, likely after the Fed gets on-board here.
| SPX hourly |
I've been saying this for a long time, the way we defeat China is by pulling the plug on their cancerous financial ponzi and letting the Chinese people finish off their rotten elites. Maybe they can end up with a proper representative government instead of another Oriental despotism.
7 comments:
Competitive devaluations the next step in a trade war, lads.
Deal or No Deal, blah blah, it’s all about exponential debt and trying to keep the crank turning and the plates spinning….. We know over the last five years at a minimum there was no real “GDP” only endless “can kicking”, remember that phrase??? Seems to be all but forgotten and all that’s left is “Trade Hopes” and love of the FED…. The desperation is all out there in the open but so far all I see is mass delusion and denial and new names for the same old song and dance in a new wrapper called “MMT” massive monetary THEFT through criminal scams and debt “money” madness….. 2250 seems closer to me than 3250 and I think it can happen 1987 style, maybe kick it off next week on Manic Monday, Thanks love your work and GL
Hmm, what if Xi and the CCP really are the legitimate representative government of the mainland Chinese, the expression of a people? Are there any Han dissidents today?
Not sure a Yuan deval. would be a negative for US, since a rising USD would ward off inflation, while pulling money into US assets. It would be China that would pay the price of that, with higher commodity costs. We will get a trend sell next week unless markets start to rise early next week, though market has a lot of proving to do to make the bears happy. More like, we're in for a long, boring summer of churn.
Thought provoking
McHugh noticed we had a Hindenburg Omen on Friday. Another triggers a formal warning & window.
And there goes the trend from up to down. Bulls had a good run, and was fun while it lasted. Now we get to see just how the hungry the bears are as they come out of hibernation to feast...
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