The Golden Lounge

[gdl]

With a one week adjustment we now have a well behaved Dollar, OIL, and bond yields.

Almost as if any external event was bound to reset the bullish argument.

Two things should happen going forward.
1 - Stock market should go straight up for 6 weeks.
2 - Accumulated data on inflation will show no let up.

You would think the FED announcement on speeding up taper program and inflation is NOT transitory would have a profound shift in thinking? All it does is find other reasons why you should invest in stocks.

I am even more convinced the yields on bonds will explode higher. It should also happen in lightning speed once it starts. 10 year yield below 1.5% is absurd. Once it captures 1.75% it will breakout in a big way all the way to 3%. As big a mistake as Bitcoin is today.

Recent data pointed to strong manufacturing. Watch the JOLTS report and month over month wage growth.