The structure holds, and 6-7% in TNX is unavoidable as a sunset by end of day.
The move will be fast (less than two months), and will take the entire market with it:
* SPX will quickly break below 2000 in w3, and then eventually reach 1500 or lower.
* EURUSD will hit 0.80 or lower
* USDJPY will get close to 100
* Crude will revisit 10-15 range
* USDRUB will attempt to break above 200 (150-200 is realistic)
Why will the Yen strengthen against the Dollar while every other currency loses value? Because the Yen will be for the Japanese market what the Dollar will be for the rest of the world: a temporary buffer to absorb all instantaneously released liquidity from the fire-sale of all other yielding assets.
As I said earlier in my forecasts: H2'22 will hit the markets a lot harder than the 2008. Be prepared.
The move will be fast (less than two months), and will take the entire market with it:
* SPX will quickly break below 2000 in w3, and then eventually reach 1500 or lower.
* EURUSD will hit 0.80 or lower
* USDJPY will get close to 100
* Crude will revisit 10-15 range
* USDRUB will attempt to break above 200 (150-200 is realistic)
Why will the Yen strengthen against the Dollar while every other currency loses value? Because the Yen will be for the Japanese market what the Dollar will be for the rest of the world: a temporary buffer to absorb all instantaneously released liquidity from the fire-sale of all other yielding assets.
As I said earlier in my forecasts: H2'22 will hit the markets a lot harder than the 2008. Be prepared.
