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The USD is what Iβd call the stress barometer of the Cat Christmas Sweater, Siamese Cat We Wish You A Merry Ugly Christmas Sweater 3D, and a breakout to the upside is indicative of the stress in the system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign weβve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Woodβs ARKK. Well, the truth is, the companies whose stocks have overrun have gotten so large in market cap that itβd take them years for them to grow into their respective valuations, so either these companies grow at a much faster pace, which is unlikely, to βcatch upβ to their stock prices, or their stock prices will have to come down to Earth
My gf’s family invited me to join them for Christmas, my family invited my gf to join us for Christmas. Her family had lunch at 12, mine at 2, so no problem as it was only a Cat Christmas Sweater, Siamese Cat We Wish You A Merry Ugly Christmas Sweater 3D walk between the two. So lunch at hers, both walk over to my parents lunch there, no driving because everyone would be drinking and I’m not paying premium for a taxi. So I walk to my gf βs to find lunch was a four course stacked meal! Her mum knew from experience that I had a big appetite so she had big plates and mine was piled high! Good thing about walking, it gave me chance to walk off a few calories. Get to my parents and lunch is served, my mum knows I have a large appetite, if it’s on your plate you eat it all, large plate piled high!! So that’s eaten but it’s time to walk back to gf’s for dinner. βAll that walking I must be hungry?β Another four courses, big plates piled high!! Then back home for dinner at my parents, main meal of the day! βMust be hungry after all that walking!β I just about managed before it was time to take gf home. β Bit of supper to keep you goingβ plate of cold cuts, cheese and biscuits, cake and a few mince pies! Stagger home full of food and alcohol to find mum had left some supper out for me!
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