SPDR S&P 500 (SPY)

[gumbie05]

Starting to get the first signs of the signals I’ve been looking for….the sell off in the DXY while at the same time the SPY (and the equity markets in general) not being able to rally vigorously with each downdraft in the DXY. In other words- the opposite of what’s been happening since the lows from October ‘23! This could be indicative that the real (weak) fundamentals are slowly seeping out into the institutional trading desks that is telling them to sell every rally especially when there’s new liquidity coming in (ie from the sell off in the DXY) instead of buying it. We’ll see but this is playing out almost exactly like Q1 of 2000…..

- JMHO