U.S. Dollar IndexShort
DXY Bearish
Ask yourself, what is bullish for the dollar, and what is bearish for the dollar? Recently, the most bullish piece of dollar information is that the market was selling off, forcing everyone into dollars. Now the FED is printing away and inflating its balance sheet to what many are saying, will be around 10T when it's said and done. Couple that with 10M unemployed in the past two weeks (more to come for sure next week, when a titanic is sinking, its sinking under its own weight), and GDP will be awful for many quarters, along with money velocity nearing a standstill. None of these are dollar bullish. The MSM hasn't asked the hard question yet, "how is the government going to support this 'G-thug' lifestyle, when it's income just got cut into less than half? Also, if "king" dollar goes up anymore, everything will begin to break in this engine. Assets will begin to hyperinflate... wages won't, lol. This market is done crashing at this point IMO, the central bank is in the market front running the markets now with its "asset" purchases of ETFs (they may as well be buying individual stocks, what's the difference?)... the casino just got even crazier cuz now the casino owner is posing as the dealer - and you know he gonna cheat! Even more sadly, your 401k is now bet 100% into a casino... this isn't economics... this is financial suicide.
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