AAPL's chart is improving, I'm still loathe to touch it, but I figure they'll need AAPL to pull the Q's, on the other side of the correlation, $USD/JPY had its biggest crash in 3 years, VERY parabolic, that would translate typically in to the SPX seeing a much larger crash, something along the order of a 3 year move, not 3 year low, but the fastest plunge in 3 years for the timeframe, instead it held up at less than a half percent drop, currently around-0.30.
The USD/JPY looks like its about to sling shot back in the other direction, that's the thing about parabolic moves.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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