USD broke down through 200day ma
USD seen as the safe haven investment
so falling USD = rising markets
Risk Trade is back on and this is confirmed by the VIX under 23
For true Bull Market we need money to come out of those bloated Bond Markets
Last Night 2yr Fed Note hit lowest yield ever 0.5% indicating a bubble in bond markets imo
So much money in bond markets when that shifts to equities watch out
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- doug kass calls the bottom