Loading ...Its that Time of the Year
When we look around and see what is what and which markets have moved the best this year ( From Jan 1)
With 4 weeks left in the trading year…Rounding !
Oil is Up 40%
Silver is Up 20%
Gold is Up 10%
Commodities (Basis the CRB) are up 10%
Dow is up 10% ( but it was in a freefall for the first few weeks and is up 25% from the bottom in mid January)
Bond Yields (basis the 10 year) are up 5%
US Dollar Index is Up 3%
What are you smoking Fully ?
So….What’s the take away besides EVERYTHING is UP ?
The US Dollar has basically been completely insignificant in 2016 as to what the other asset classes are doing !
So there…It is NOT The Most Important Chart on the Planet !
It’s Toilet Paper !
Ignore the Damn Thing !