• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Two Down, One To Go

Tyler Durden's picture




 

We have the equity market surging to new highs. We now have the surge in yields. As Citi's FX Technicals group warn, that's "2 down and 1 to go"… A push above the 2011-2012 peaks in Brent crude ($127-128.40) would be the “straw” that breaks the proverbial camel’s back with the elevated likelihood of a negative feedback loop...

 

 

...knocking the third leg of consumer confidence out.

 

Charts: Citi FX Technicals

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