Chart of the Day: The Enforcer
September 23, 2022
And it hasn't changed.
Like I've said a thousand times probably, if you want to make money long stocks and crypto going into the end of the year, you NEED a weaker US Dollar.
It's not a want. It's a need.
There's only one safe haven.
It wasn't Treasury Bonds. It wasn't Yen. Gold is a joke.
It's been the US Dollar.
The Dollar IS the safe haven, and if money is flowing into said safe haven, then what else is going on in the world?
Well you're seeing it.
So until you start to see some Dollar weakness, I wouldn't expect stocks and crypto to do well.
The Dollar is the enforcer.
Ping me. Let me know what you think! What are you seeing out there?