Important Level For DXY
Hi all!
I think we are facing a pivot for the DXY that could bring significant changes to global markets.
IF the DXY doesn't Hold the 90 level and bounce higher, THEN I believe we are looking at new highs across the risk asset spectrum with the DXY going into tail spin and falling out of
this macro down trend channel, possibly to the low 80's even.
However, IF DXY does hold the 90 level and bounces with confidence, I believe it will be the sell signal and risk off signal across the risk asset spectrum. And of course, this could
send DXY well above the down trend channel its been in.
CPG's are planning on raising prices by an avg of 10% next few months so inflation is real regardless of what the market makers *cough cough* sorry I mean Fed chair persons think are going on in the economy. All my models had 10% inflation baked into them as an assumption back in Dec. '20, and subsequently they priced the SPY at 420. We keep getting close to it and seem to be floating there in a state of euphoria, no? Idk, but sounds like 420 to me haha. Hoping we have a correction to ease pressures on the system, but am worried about a crash tbh. I think risk is expensive and safety is worthless so buy insurance and go ham fam!
My ideas are strictly my opinions and are not advice or recommendations. Please make every effort to understand all risks associated with investing or trading any security before purchase or sale. Not Financial advice. Not financial recommendation. Just my personal opinions.
JG
I think we are facing a pivot for the DXY that could bring significant changes to global markets.
IF the DXY doesn't Hold the 90 level and bounce higher, THEN I believe we are looking at new highs across the risk asset spectrum with the DXY going into tail spin and falling out of
this macro down trend channel, possibly to the low 80's even.
However, IF DXY does hold the 90 level and bounces with confidence, I believe it will be the sell signal and risk off signal across the risk asset spectrum. And of course, this could
send DXY well above the down trend channel its been in.
CPG's are planning on raising prices by an avg of 10% next few months so inflation is real regardless of what the market makers *cough cough* sorry I mean Fed chair persons think are going on in the economy. All my models had 10% inflation baked into them as an assumption back in Dec. '20, and subsequently they priced the SPY at 420. We keep getting close to it and seem to be floating there in a state of euphoria, no? Idk, but sounds like 420 to me haha. Hoping we have a correction to ease pressures on the system, but am worried about a crash tbh. I think risk is expensive and safety is worthless so buy insurance and go ham fam!
My ideas are strictly my opinions and are not advice or recommendations. Please make every effort to understand all risks associated with investing or trading any security before purchase or sale. Not Financial advice. Not financial recommendation. Just my personal opinions.
JG
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