Chart with notes attached.
Please note from a macro perspective, my thoughts to support the chart read, includes:
1. that the recent relative strength in the dollar and the drop in yields tells me that the financial markets might be pressed for liquidity. #dollars trapped in the system as a result of QE? Disinflation over secular inflation? Two messages the market might be sending in subtle ways, whilst everyone remains seduced by #EQ_F
SPX 
DJI pushing all time highs.
2. To support this,
GOLD has been sensitive to moves in the #dollar and not the drop in yields, another sign of liquidity troubles perhaps. Other signals of a potential dash for cash include steep declines in bellwethers such as #lumber and #transport sector, eg, 
DTX 
XTN
Please note from a macro perspective, my thoughts to support the chart read, includes:
1. that the recent relative strength in the dollar and the drop in yields tells me that the financial markets might be pressed for liquidity. #dollars trapped in the system as a result of QE? Disinflation over secular inflation? Two messages the market might be sending in subtle ways, whilst everyone remains seduced by #EQ_F
SPX DJI pushing all time highs. 2. To support this,
GOLD has been sensitive to moves in the #dollar and not the drop in yields, another sign of liquidity troubles perhaps. Other signals of a potential dash for cash include steep declines in bellwethers such as #lumber and #transport sector, eg, DTX XTN
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.