Article By:
Adam Lemon
Sunday, May 12, 2024 4:00 PM EDT
The past week saw lower volatility in the Forex market. Last week’s key takeaway was the souring of risk-on sentiment due to expectations in the US of higher inflationary pressure, as well as Consumer Sentiment data which came in at a six-month low.
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