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Fast approaching the end of March. One more trading day left. Market closed for Good Friday. Five days off from the day job after today.

[ATTACH=full]173545[/ATTACH]

Divergence. Also DJI and DJT (Industrials & Transports) are diverging. Warning sign.

[ATTACH=full]173544[/ATTACH]

Most of the commodity ETFs are delisted.

[ATTACH=full]173543[/ATTACH]

These you can still buy.

[ATTACH=full]173542[/ATTACH][ATTACH=full]173541[/ATTACH]

Opened a position in the miners.

[ATTACH=full]173540[/ATTACH][ATTACH=full]173539[/ATTACH][ATTACH=full]173538[/ATTACH][ATTACH=full]173536[/ATTACH][ATTACH=full]173535[/ATTACH]

Very interesting chart.

The MMF are still the buyers, but they will cease one the RRP goes to zero. Then, you need a new buyer. Hence the ISDA. Banks need to (once again) load up their balance sheets.

[ATTACH=full]173534[/ATTACH]

I would say that the 'Crack Up Boom' is well underway. Can still run until vertical, which takes the market to say, oh, towards 8000 S&P500. Look at the 1929 Dow.

The Fed and Treasury just need to keep the UST market humming and avoid the blow-up. Of course it's coming, can't be avoided unless QE via the commercial banks resumes (which is highly likely).

So if the commercial banks resume QE what/where is the risk? Inflation will become highly visible.

When the Fed did QE expanding its balance sheet, the new 'high powered' money never left the system in any quantity because the commercial banks did not increase their commercial lending other than to finance corporate bonds which were then onsold to insurance companies etc. This was a 'Monetary' QE.

This time however, the new high powered money is being spent by government. It is a 'Fiscal QE' which is highly inflationary. It is also exacerbated by a weak USD (needing to get weaker) and higher commodity prices, the most important being oil/energy.

Inflation rate of change has again turned up. Remember, prices never came down, they just slowed in their ascent higher. They are preparing for another leg higher.

So equities are an inflation hedge to a point. Obviously some are better than others.

jog on
duc

<blockquote data-quote="ducati916" data-source="post: 1272116" data-attributes="member: 2975">Fast approaching the end of March. One more trading day left. Market closed for Good Friday. Five days off from the day job after today.[ATTACH=full]173545[/ATTACH]Divergence. Also DJI and DJT (Industrials &amp; Transports) are diverging. Warning sign.[ATTACH=full]173544[/ATTACH]Most of the commodity ETFs are delisted.[ATTACH=full]173543[/ATTACH]These you can still buy.[ATTACH=full]173542[/ATTACH][ATTACH=full]173541[/ATTACH]Opened a position in the miners.[ATTACH=full]173540[/ATTACH][ATTACH=full]173539[/ATTACH][ATTACH=full]173538[/ATTACH][ATTACH=full]173536[/ATTACH][ATTACH=full]173535[/ATTACH]Very interesting chart.The MMF are still the buyers, but they will cease one the RRP goes to zero. Then, you need a new buyer. Hence the ISDA. Banks need to (once again) load up their balance sheets.[ATTACH=full]173534[/ATTACH]I would say that the &#039;Crack Up Boom&#039; is well underway. Can still run until vertical, which takes the market to say, oh, towards 8000 S&amp;P500. Look at the 1929 Dow.The Fed and Treasury just need to keep the UST market humming and avoid the blow-up. Of course it&#039;s coming, can&#039;t be avoided unless QE via the commercial banks resumes (which is highly likely).So if the commercial banks resume QE what/where is the risk? Inflation will become highly visible.When the Fed did QE expanding its balance sheet, the new &#039;high powered&#039; money never left the system in any quantity because the commercial banks did not increase their commercial lending other than to finance corporate bonds which were then onsold to insurance companies etc. This was a &#039;Monetary&#039; QE.This time however, the new high powered money is being spent by government. It is a &#039;Fiscal QE&#039; which is highly inflationary. It is also exacerbated by a weak USD (needing to get weaker) and higher commodity prices, the most important being oil/energy.Inflation rate of change has again turned up. Remember, prices never came down, they just slowed in their ascent higher. They are preparing for another leg higher.So equities are an inflation hedge to a point. Obviously some are better than others.jog onduc</blockquote>

[QUOTE="ducati916, post: 1272116, member: 2975"] Fast approaching the end of March. One more trading day left. Market closed for Good Friday. Five days off from the day job after today. [ATTACH type="full"]173545[/ATTACH] Divergence. Also DJI and DJT (Industrials & Transports) are diverging. Warning sign. [ATTACH type="full"]173544[/ATTACH] Most of the commodity ETFs are delisted. [ATTACH type="full"]173543[/ATTACH] These you can still buy. [ATTACH type="full"]173542[/ATTACH][ATTACH type="full"]173541[/ATTACH] Opened a position in the miners. [ATTACH type="full"]173540[/ATTACH][ATTACH type="full"]173539[/ATTACH][ATTACH type="full"]173538[/ATTACH][ATTACH type="full"]173536[/ATTACH][ATTACH type="full"]173535[/ATTACH] Very interesting chart. The MMF are still the buyers, but they will cease one the RRP goes to zero. Then, you need a new buyer. Hence the ISDA. Banks need to (once again) load up their balance sheets. [ATTACH type="full"]173534[/ATTACH] I would say that the 'Crack Up Boom' is well underway. Can still run until vertical, which takes the market to say, oh, towards 8000 S&P500. Look at the 1929 Dow. The Fed and Treasury just need to keep the UST market humming and avoid the blow-up. Of course it's coming, can't be avoided unless QE via the commercial banks resumes (which is highly likely). So if the commercial banks resume QE what/where is the risk? Inflation will become highly visible. When the Fed did QE expanding its balance sheet, the new 'high powered' money never left the system in any quantity because the commercial banks did not increase their commercial lending other than to finance corporate bonds which were then onsold to insurance companies etc. This was a 'Monetary' QE. This time however, the new high powered money is being spent by government. It is a 'Fiscal QE' which is highly inflationary. It is also exacerbated by a weak USD (needing to get weaker) and higher commodity prices, the most important being oil/energy. Inflation rate of change has again turned up. Remember, prices never came down, they just slowed in their ascent higher. They are preparing for another leg higher. So equities are an inflation hedge to a point. Obviously some are better than others. jog on duc [/QUOTE]

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