Ignore the Dow.
Ignore the M2 Money Supply.
Ignore Gold and Silver (ouch).
THESE are the only three charts one needs for determining America’s economic future.1. Natural Gas Futures:
This sucker is on a rocket ship and isn’t coming down before the rest of us. Buckle up for the Danger Zone.
2. Federal Reserve MBS Holdings:
It’s not that far of a drop to take a garden variety correction and turn it into a 2008-2009 implosion when the Fed gets serious about QT.
3. The 2’s versus 10’s US Treasury Spread:
IF, and it looks like it might, it blows through 50 basis points inverted, then all bets are off. My bet is on a depression, then again, I’m an optimist.
Enjoy earnings season and the BS rallies ladies!