SPDR S&P 500 (SPY)

[gumbie05]

Yes it is and notice how it’s selling off as the DXY is selling off as well? That’s the signal, that I mentioned yesterday, that I’ve been looking for which is the divergence from what’s been happening for the past several months! In other words- the valuations are too high at these levels no matter how many dollars they try to sell to try and prop the markets up! The Bond market (10 Yr) is also signaling that as well as yields are collapsing from their recent highs….indicating a weakness in the economy up ahead! Contrary to the recent “Goldilocks- soft landing BS” from the media and government. We’ll see

- JMHO