US breakevens are at the highest level in 2 decades. So we have rising risk of inflation and further dent in economic growth. CBs job has now become impossible. Stagflation is now a real case.
Any dip in Metals or Miners from here on are a gift, take advantage of it. Real wages will not keep up with the inflation coming protect you're purchasing power.
Im sure everyone is emotional about crypto right now, relax sit back and look at the big picture not the daily..
Big Picture guy wins the prize.
Oh and welcome back 1920.
Fun fact :
In the 40 years since the inception of S&P 500 futures, there have been only 3 sessions when they opened down more than 2%, fell to a 6-month low, then rallied to close up by more than 1%.
• July 24, 2002
• September 16, 2008
• Today
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