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The USD is what I’d call the stress barometer of the NFL team apparel toddler miamI dolphins football shirt, and a breakout to the upside is indicative of the stress in the system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign we’ve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Wood’s ARKK. Well, the truth is, the companies whose stocks have overrun have gotten so large in market cap that it’d take them years for them to grow into their respective valuations, so either these companies grow at a much faster pace, which is unlikely, to “catch up” to their stock prices, or their stock prices will have to come down to Earth

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If SF hadn’t gotten a NFL team apparel toddler miamI dolphins football shirt second halftime to regroup, they would not have been in this game at all. On the drive of the blackout, SF was visibly deflated after Jacoby Jones had just ripped open the half with yet another ridiculous return TD, and they were about to go 3-and-out deep in their own territory with that surging momentum and probably decent field position, the Ravens had their heel on SF’s throat and were seriously threatening to put the final nail in the coffin.

