Robert Kiyosaki....why are we seeing reversal signals?
Everyone loves (trying) to call tops. "Rich Dad" is one of those that is calling for this deflation in October. Fear mongering is easier than a process. With the CRB index reaching cycle highs, how can we have a deflationary period in October? You also have the bond market breaking out in most countries. Now you have the S&P 500 putting in a reversal signal.
Most likely, the DXY goes down from here. Inflation and growth accelerate through most of Q4, and the stock market goes up. Owning gold, silver, dollars are all bad ideas in that environment. All of these assets are what he'd want to own. He also states that he would own bitcoin, which will work in an environment where inflation and growth are accelerating.
But why have a process when you just have to say the top is in October because the US is hitting its debt ceiling and the Evergrande situation? You can just move your target out if you're wrong and just make a new narrative.
Technical Analysis over narratives. Most likely see a bunch of new all time highs in Q4. Let the games begin!
Most likely, the DXY goes down from here. Inflation and growth accelerate through most of Q4, and the stock market goes up. Owning gold, silver, dollars are all bad ideas in that environment. All of these assets are what he'd want to own. He also states that he would own bitcoin, which will work in an environment where inflation and growth are accelerating.
But why have a process when you just have to say the top is in October because the US is hitting its debt ceiling and the Evergrande situation? You can just move your target out if you're wrong and just make a new narrative.
Technical Analysis over narratives. Most likely see a bunch of new all time highs in Q4. Let the games begin!