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Strategies & Market Trends : John Pitera's Market Laboratory
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roguedolphin
To: Chip McVickar who wrote (17884)3/11/2016 11:25:14 AM
From: John Pitera1 Recommendation  Read Replies (1) of 33421
 
Hi Chip,

I absolutely agree that there has been a considerable concern regarding various governments taking steps to eliminate larger currency denominations and the Financial Times had a editorial where they were suggesting phasing out cash all together.

The Chinese currency had a very strong move overnight.

We saw very robust moves in Europe with the German and French equity makets were up almost 3% the IBEX was up over 3%. I could believe that we could see the Nikkei working higher.

I did not believe we would see the JPY rally as much as the chart that I posted indicated..... but it also was counter-intuitive to see it rising when Japanese Government bond rates went negative .
he dollar will remain strong and perceived as a safe haven... until it isn't...???


I have to agree with that statement

The EUR/JPY has been in a risk off mode for the past year and a half... let's see what happens.



If we in the US were to see a rupture in the Republican party and have a 3 ring race this summer... that would certainly put a cloud on the US Markets.

WTIC crude and Brent are rallying very strongly, here is the 10 year weekly..... could we make it to the upper BB that is what we saw occur a year ago.

The 10 year note after trading down to 1.5% a several weeks ago is now just below 2.0%....



The SPX 200 DMA is 2019 and so stocks are at a level where we should see some institutional profit taking...hedging....

your comments regarding the central banks being hostile to the process of their peoples normal lives is very prescient ..... Ron Paul's desire to have the FED audited was very popular among his supporters in 2008...and 2012.

Several people have commented including Bill Gross how the FED is now sending surpluses they have to the US Treasury indicating that they are commingling funds.

John
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