Secular Growth Crosses to the Positive Side Tomorrow.
Secular inflation is still negative, but could cross to the positive side as early as next week.
In that case fall => spring within a week!
The shorter term pulses for both inflation and growth are positive. Tomorrow marks the end of a bear market rally (secular growth negative but with a positive pulse) to a new bull market...secular positive growth.
The bull has turned on the lions and has ripped them a new one.
As it stands at the market close today: Secular growth --. pulse growth + with secular inflation --, pulse inflation + or economic winter.
At the close tomorrow Secular growth ++, pulse growth +, with secular inflation --, pulse inflation + or economic fall.
However with the massive move silver has put on, next week this could be the case:
Secular growth ++, pulse growth +, secular inflation ++, pulse inflation + economic spring
This would be the start of a 'super spring' (both secular and pulses being positive) generating a risk on movement driving up emerging markets, commodities, and equities in general.
In spring the last asset in the world I'd own would be vol positive.