On a week over week basis, this morning’s jobless claims number was worse (see chart below -558,000 vs -554,000 in the week prior). Although its on a very tight duration, on the margin, this number is what it is – worse…
But, there’s this thing we have been following called the US Dollar. Yes, that thing that Bernanke is Burning…
The buck broke down on the “news”, supporting further strength in everything that’s priced in those Burning Bucks.
Chaos theory is a beautiful mathematical reality – it boils things down to a very deep simplicity.
Dollar down = everything else up.
Keith R. McCullough
Chief Executive Officer