Alternative Path

[gdl]

OIL inventories PLUNGED! Way below any estimate. JOLTS report showed a HUGE number of jobs begging to be taken.
Bottom LINE: Dollar will NOT be able to drop further as the world economies continues to break down below US. Resilient spending by the consumer will not allow the FED to stop raising rates and the prospect for accelerated inflation is actually heightened as they slow down the pace of hikes.

From very weak earnings, no clarity on stronger earnings going forward, refusal of the consumer to cave in here means that the pronouncement of some large brokerage firms that fair value was 3,000 on SPX will only make 2023 al the more glaringly out of sync.

I am glad of seasonality. it should hold this sucker up till new year. AT least that what i see so far.