Article By:
Stephen Innes
Monday, May 13, 2024 9:00 PM EDT
This week's data dump wags two significant tail risks: one tied to warmer inflation concerns and the other linked to weaker growth, raising fears of stagflation.
In this article: FXY, OIL, UCO, USO, UUP
Yen Collapse Suggests We Are At The Tipping Point Of Keynesian Failure
To all you ‘Buy the dip Stonks never go down crowd’ … you better start watching Bonds and FX because the BOJ is giving you a preview of what the dollar is going to do. At first you think it’s great because stocks go higher and higher (happening now) and then when the clowns in government push too far (passing bills for foreign aid which is an attempt to save the dollar) the currency eventually collapses (coming soon to a theater near you).
$COPX $FXY $GLD $SLV $SPY