Weekend March 17, 2019
The US Dollar,the stock and bond markets are all at extremes.
US Dollar
The Dollar has just about reached the 61.8% extreme re tracement form its 2017 high.
Stocks
After a great 2.75 year rally stocks either corrected or are doing something else. Yes PMO looks better at bottom.
Ten Year Note Price
Crude Oil
Crude oil has both fallen and then rallied in the same time frames as stocks. Both are below their Fall 2018 highs.
FOMC meets this week. I think the FED follows not leads the markets. But we can expect some sort of reaction.
I cannot shake this uneasy feeling that no bull market in stocks has lasted more than 10 years. As noted last weekend this is ten years exactly from March 2009.
And sentiment continues to fall world wide, I see riots are back in France. And there is no consensus on anything politically in the US.
Let's see how things play out this week. Note Friday was options expiration.
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