Most Important Setup Day in 49 Years, for me

We have been waiting since January 2018 for a setup to develop that would add up all the data points.  We got it today. The FED has learned its lesson, they see increasing government deficits as the key risk going forward and while they will add a little liquidity here and there to keep things moving, zero rates are off the table.

See chart here that we like to monitor.

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