Out of Touch
Today it is easy to feel out of touch. Nominal prices are going through the roof, the stock market is basing it’s view on higher means even higher, real value has no place.
All I can do in this kind of situation is look at deep analysis, charts that we have shared often, these updated through 10:00 AM CST today. This analysis, as we have outlined before, incorporates all the factors in the economy, stock prices, asset prices, bond prices, precious metals, commodities, and the dollar.
Keep in mind the August 7, Apex pivot point where interest rates started higher. The fact that rates were so low at that point are probably a factor in how long the effect is taking to show a big effect on stock speculation.
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