Dr. Jeff on Nostr: What I'm watching... š Massive and growing NEGATIVE DIVERGENCE continues on the ...
What I'm watching... š
Massive and growing NEGATIVE DIVERGENCE continues on the daily #DXY chart.
The strong US dollar is wreaking havoc on global markets and--importantly--global M2 monetary supply.
At some point (in the near future?) the dam will break and all of the recent hawkish trends will finally reverse... allowing global M2 to surge ahead... and eventually (with the usual lag) giving risk assets (and #bitcoin) and #GDP room to breathe... and expand... throughout much of 2025.
Massive and growing NEGATIVE DIVERGENCE continues on the daily #DXY chart.
The strong US dollar is wreaking havoc on global markets and--importantly--global M2 monetary supply.
At some point (in the near future?) the dam will break and all of the recent hawkish trends will finally reverse... allowing global M2 to surge ahead... and eventually (with the usual lag) giving risk assets (and #bitcoin) and #GDP room to breathe... and expand... throughout much of 2025.