/biz/ - Business & Finance

>>55677883
>>55677883
>>55677883
>>55677921
>>55677921
>>55677921
>July 27th 8:40am EST
>the fundamentals behind the dollar falling just got crushed by ECB
>SPX 4,605
>NQ 15,728
>this is the top. the rally will not continue as the dollar reverses.
>the dollar has gotten completely crushed because investors/traders/institutions expected that other central banks would continue to aggressively raise interest rates relative to US monetary policy; that the Fed would pause, while ECB continued to hike aggressively
>this is no longer the case, after ECB release today
>in other words, all the dollar shorts are now trapped, all the euro longs are now trapped; they are forced to quickly cover or sell their positions, forcing dollar higher
>the market rallying was predicated upon DXY falling, and falling below 100 parity especially
after ECB release today, that is not going to happen - huge smashing of expectations (and the market hates when expectations are broken / the unexpected occurs)
>Unironically, this is the top
SPX 4,605 --> 4,404 20 days -4.3%
NQ 15,728 --> 14,875 -5.4%
DXY on July 27th 8:40am: 100.84 --> 103.33 +2.5%
I called the exact top within 2 points [4607 local top] within minutes. I laid it out all out there for you why in plain English. You did not listen. You never listen.
Everything else has only snowballed on top of this final straw that broke the camels back. The camel is already dead, and more weight continues to be piled on to its corpse.
>inflation surging higher
>yields surging higher
>dollar surging higher
It hasn't even begun, mumu.