Are Bonds and Gold Telling Us Inflation Is Coming?
Stocks continue to ignore 40 million unemployed, an economic depression, and societal collapse/ riots.
The S&P 500 rallied yesterday to test major resistance at 3,100. The market is nearing the point of its rising wedge. A big move is coming.
The VIX is also warning us that a big move is coming. It too is at the point of its wedge formation.
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Meanwhile, the 5-year, 30-year yield curve has steepened to levels not seen since 2017. Is this predicting an economic boom or raging inflation?
Gold suggests it’s the latter. The precious metal is going vertical against every major currency: dollars, euros, yen and francs.
