Market still not ready to reverse. Still sees the January data as an anomaly despite the SURGE in JOBS, SPENDING, and DEBT.
Wait till China's massive push at stimulating their economy causing a double whammy on inflation.
The dollar and 10-year yields are also seen as an anomaly and expect both to nosedive soon.
The simple logical assumption I have made seems to bear fruit. An economy that surges during the spike in inflation without causing loss in steam is one that will ONLY get stronger as they accept the new reality on costs and inflation. Finally, WAGES are catching up. A vicious cycle.
I have been saying this will happen for over 6 months now. Always early, always rushing the inevitable.
This as the STUPREME court hell bent on making sure TRUMP is elected. Astonishing how threats against them from Trump himself has not gotten thru. We really are a stupid species determined to self-destruct. They take up the IMMUNITY case as if even they can find reason to accept him being a KING! They are as nutty and insane as the rest of the branches. A trifecta!
I have predicted this scenario ONLY with the assumption that my end game is also correct. Seems it is. Time will tell. Brace for it!