It is different this time around. Right? In 2000 and 2008 cheap money and caviar dreams led to the internet and the housing bubble. In 2017 eight years of cheap money has helped push asset prices to their highest levels in recorded history.
Has the Market Finally Topped?
The US Dollar surged to a fresh 14 year high yesterday. Overnight the rally continued as the US Dollar Index broke out of a multi-year bull flag.
After a wild election swing, the dust has settled and the market sits at the cusp of a possible break to the upside.
The stock market has been down 8 consecutive trading sessions.
What's even more surprising is how its done it.