claydoctor
Short

USDJPY SPY correlation inline again

FX:USDJPY   U.S. Dollar/Japanese Yen
148 0 0
USDJPY             and SPY             inline again, after a divergence, SPY             was too stretched, and is coming back to the pair, strength of currencies rule the day, at the end of the day. This has been a currency manipulated bull market, and fundamentals are way down the priority list, with MA activity ending soon, corporations finding no more ways to support stock PE levels, with sustainable growth fundamentals. The bag of tricks is empty, but lets wait and see if a new rabbit comes out of the hat. Hearing the talking heads saying Inflation worries creeping in again, but they have been in play for a while. If we get any GDP growth at all, watch out folks, rates have to spike.
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