Forman Financial Group

Busy days, hope all are well. My views of the markets stated in the posts 2-4 weeks ago are coming true and the USD is hitting the downtrend for the last month. When it hit the downtrend 6 months ago it took 6 weeks to fail and drop and so if that happens again, then very soon. The rest of the global markets are responding in kind with strength to the idea that the USD is peaking here and we are seeing strength in the US indexes, Bitcoin, Gold, and Emerging Markets. Though Emerging markets has no where to go but up because China was at tragic lows recently compared to the last 20 years. This strength could last a few months and really surprise everyone with some big moves in places. My projection is then likely a strong correction for the summer that scares people, -15 to -20%; from…

The USD broke up on the US higher inflation Data yesterday, that's what caused the very high volatility in the markets and stocks; though the S&P500 only fell -1.5% and it had gained that last week. See in the chart below, the USD broke up out of the downtrend, but maybe not? Second line. If the USD gets stronger then basically every other asset type and class falls so the weird thing is that both the USD and the S&P500 are both strong AND Bitcoin is very strong. It really feels like the USD is about to start weakening and the rest of everything gets more bullish, or this is the tip and things are turning down from here on mass in a big way and the USD is spiking.

Lastly Gold, also up and holding above $2,000 an ounce the last month, though the Gold Miners are down with everything else in the global markets except the S&P500. SO, are the mega-caps about to start failing and everything else falls more with today a bad indicator? or they hold and turn up and USD turns down soon.

So it is odd that we have seen USD strong the last 5 weeks, but the S&P 500 below is also very strong. Canada is not strong, nor Euro, or Emerging markets, India flat, China at a terrible bottom. Today is a very bad day for the markets but the SP500 holding up well thanks to NVDA.