Well someone or something came in last night and saved the whole market! Who would have thought with such a crappy CPI print downside would have been liquidated and off to the races we go!
"That's retail buying a meme coin"
"Monthly DXY is cooked"
Well I like what Crypto Lifer is saying, but it to me it only means a pull back. The DXY is a meme coin but it is the most widely traded.
So the Dollar Milk Shake theory by Brent Johnson is basically about the Eurodollar strength. Debt denominated in Dollars are sloshing around the world and it's the main currency of exchange. Every other currency compared to the US dollar (DXY) is getting stronger. Brent believes we will never get away from the US Dollar because it is backed up by the US military and there are no competitors at the moment. He believes it will take years for the DXY to continue to dominate and the strength will make higher highs and higher lows.
Never mind that the dollar is dying within the united States.
Forget about the S&P 500 and look at the DEBT market which is the main market.
The 10 year yield is down and certainly suppressed. Bank of America is talking about a bond market crash which is basically 'doomsday' for the world economy. I don't even know what that would look like but probably riots, lock up of financial system, chaos, and of course us begging for martial law.
Times are changing and it might not take years. I wish I had better news and ways to survive. Many people are just struggling now to keep the lights on.