General Stock Ideas

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Wow, the VIX is down near the 2006 lows, which is ominous considering what happened to stocks shortly thereafter in 2007/08. Historically big market declines begin at a time of extreme market complacency.

The US dollar has come down from peaking in December at around 104 and is now trading at 94.50. Looks like it could soon test the lower support of its 93-100 trading band.

Jim Rickards has been saying for some time that the Fed will have to back off on their interest rate hikes and plans for QT/quantitative tightening. He says the weakening economy won't allow it, and will force the Fed to start issuing dovish signals, and this will mean a lower dollar and higher gold. The way the dollar has been dropping all year could be sending that signal in anticipation.