BNPL game is ON, page-100

Charts suggest interest rates are going to return to the same levels as early 80's which briefly touched 20% in the US, which should occur within the next five years.

We may get some short lived respite given how overbought the chart is but ultimately the inflation genie is out of the bottle and the ridiculous amount of stimulus printed during Covid can only translate into higher for longer and is compounded by the insatiable money printing of the US government with the repeatedly raised debt ceiling and the bottomless pit of financial support for Ukraine.

Note the double Golden Cross forming on the 50/100/200 EMA and this in turn leads to technical selling of bonds (higher yields) and Japan and China will need to take action given the unprecedented amount of US Debt that they hold.

The JPY chart is interesting with a continued overlapping action in a fifth wave suggesting its decline is coming to an end and while DXY may have more near term upside the JPY is a chart to watch for a reversal.

ZIP cannot possibly survive in a higher for longer scenario and I think internally the resignations are reflecting this.