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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.89+0.3%Oct 31 5:00 PM EST
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To: GROUND ZERO™ who wrote (166789)1/22/2022 11:25:21 AM
From: Hawkmoon2 Recommendations

Recommended By
GROUND ZERO™
Hank Scorpio

  Read Replies (3) of 218290
 
I'm still watching the DXY, especially given the looming defaults amongst Chinese property developers.

Even though the off-shore USD denominated bonds have not yet been declared in "official" default, it's pretty clear that this will be the case and the holders of those bonds will be forced to write them off as a complete loss. That will mean that anywhere up to $500 Billion in "Kung Fu" bonds (including technology + property) will go "poof".

Of course, if Biden had any balls, he could order Chinese US bond holdings be confiscated as collateral against those bonds, but that would raise the issue of long-standing claims on that debt by holders of pre-Communist, China bonds (something like $1.6 trillion)..

Either way, liquidity is going to dry up this year in the global financial markets, IMO.

And then there's Turkey.. ;) Remember how the Greek defaults impacted the EU? That's likely nothing compared to what Turkey is going to unleash.

Weekly DXY is holding it's 50 Week MA and Slow Stochastic is indicating Oversold:

bigcharts.marketwatch.com

Hawk
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