Market Charts
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(Unless otherwise noted, points on the charts represent thoughts on only directionality, not price or time)
It looks like the November high is in. The next low centers on the end of March. That means we are either going to get choppy or ugly.
Bitcoin
The FTX debacle has taken bitcoin to my long-time objective price. We are very near a major bottom. However, we are also approaching significant changes in regulation.
US dollar
Is the high in or is there one more left?
Gold
Bear market rally in progress - tracking the dollar (inversely).
Oil
If there is one forecast I want to be wrong, it is this one. In the short term, the price of oil should be going up. However, in the medium term, if this projection is correct, the associated demand destruction to point C (B) would be the symptom of serious financial difficulties.
TBonds
Bonds may rally in here, but it should be a bear market rally.
CPI
