Formerly NE North Dakota, now NW MN | Supposedly, according to oil prices and equities, the financial world is heading to a cataclysm.... But I really don't understand all the moving parts here.
Ben Bernanke is over in China telling them that they can slow down without tanking the world economy
http://atimes.com/2016/01/bernanke-china-slowdown-doesnt-threaten-w...
Why he's not in Davos, and how he can publicly lambaste their central bank for less transparency while on their soil, are both beyond me... But whatever.
Curious to me though- Why aren't we popping DX? I know all too well I am unable to see the whole landscape, but I don't see hallmark signs of a flight to quality right now, except maybe on the Japanese yen chart where it looks like the greenback has finally broken out of it's formation, only it broke to the weaker side. Used to be the Yen was a risk-off asset, but I don't know if it's really still considered that. True, the dollar is crushing emerging market currencies right now, but..... I donno. I see stocks off big again today, but I have to wonder if we aren't coming up to a buying opportunity for equities. If the Dollar can't even push through 100 today, I find myself unimpressed for the time being with greenbacks energy to move higher. Also treasuries, I mean yeah, they are stronger today, but I don't see risk-off panic type strength there. Metals too, Gold's nominally higher but there's no panic in the metal pits...
Ok fishguts, let er rip.
Also, Sandy- if you are lurking out there, I'd love your thought on equities.
So, what is really going on out there? I'd love to get a diverse set of views. |
The Macro View
