Lets talk about the Dollar.
Yesterday, the dollar signaled a little exhaustion intra-day and stopped going up. Now it’s going down.
So what did I do? When it was done going up yesterday, I started covering my equity shorts and started getting long some of the things we like.
It's not that we didn’t like them last week, it’s just we didn’t like them at last weeks’ time and price. We like them more now.
A lot of people say you can’t time markets, believe them. But we do a pretty damn good job with our macro process that uses timing signals embedded in U.S. Dollars and Equity volatility movements.
Today we are seeing a broadening of inflation accelerating in dollar terms. You can see that in Corn, Wheat, or even Bitcoin (see today’s Chart of the Day).
Obviously all of these things are correlating to the devaluation of the Dollar, which is definitely showing a #Quad3 day.