Dollar & Markets Consolidate. Macro Trading Opportunities
USD buyers have taken a break, and other markets have started to trade sideways. Trends remain bearish, & the overall market and economic backdrop very poor.
USD buyers have taken a break, and other markets have started to trade sideways. Trends remain bearish, & the overall market and economic backdrop very poor.
Markets are indicating that the world is in trouble. Exit, hedge, or position yourself to profit, as long as you’re listening to what markets are screaming.
Major macro markets are in turmoil. Oil is beginning to align with the strong USD, inverted US yield curve, & falling base metals to indicate further weakness.
US breakevens have joined the stronger USD, inverting US yield curve, and falling base metals in signaling trouble ahead for the global economy.
We now have three major macro markets indicating worsening global conditions – the USD, US yield curve, and base metals. When will UST yields follow?
The bounce is over & problems grow by the day. USD is stronger, the yield curve is re-inverting, EU debt troubles mounting, and high prices are choking growth.
Macro markets have ceased moving in tandem, but the global macro backdrop remains challenging. How long can markets keep this up before moving in tandem again?
The USD’s correction might be over, which may spark more chaos in global markets, especially if correlations remain high.
US yields aren’t pushing higher anymore, regardless of the Fed’s hikes, or crazy inflation. If US yields keep falling, global markets are in for more chaos.
Risk assets managed a small rally, but they turned again yesterday. USD is marching higher, as more markets show that something is wrong in the global economy.