The plunge in the ruble has a similar effect as a currency devaluation, which is how the 1997 Financial Crisis crisis began.
Overnight the U.S. national debt clock whirled past $30T for the first time in history.
Plus, we cast a wary eye at the narrowing spread between the yields of the two-year and 10-year Treasury notes.
The stimulus honeymoon is over, but that doesn't mean commodity and financial markets won't continue to be influenced by the increased money supply.
Any day can be a down day but here's why I still think the market has an upward bias until early January.
The last two years has seen an 'everything bubble.'
Let's review the charts and indicators.
Yes, volatility beckons. I hear it too. There may be a revaluation of equities across the board in 2022.
Mark Twain taught us that history doesn't repeat itself but it often rhymes.
An overbought reading like this has only been seen one other time in the last seven years.