M2 has gone through the roof. Short to the bottom of the channel.
Trade active
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Watching the utter collapse of the $, equities being elevated, and the REAL buying has yet to begin!
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Jerome Powell had better get off his ass and get that target 2% inflation realized. It needs to be mission critical. Take note!
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SPY,GC1 and the all mighty $ - The will need to muscle inflation ABOVE 2%, it's no longer optional it's mandatory, if they want to preserve what little employment numbers we still have.
Sorry M2 is just money in the bank. People don't even have to pay mortgages, rent, student loans. That will all disappear when people start paying bills again.
DXY is going to 120 not 80
streetgainer
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@Wrok, You'll be back to compliment me on this deadly accurate call.
streetgainer
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@Wrok how’s that 120 looking?
mtraderz
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If DXY is heading below 90, does that necessarily mean S&P 500 is heading to 4000?
streetgainer
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@mtraderz, It absolutely bodes well for equities and gold. The markets have detached from true price discovery because of the feds actions.
Cheap money will always produce more buyers than sellers.
DXY is going to 120 not 80