Perfect Storm
What Happened In 2002-04 & What Is Happening in 2020? Is There Any Hint For #Equities?
1. Dollar Index DXY
In Dec 2002, DXY Broke Multiyear Support Line & Went Into Longterm Downtrend, Shifting Flows to Emerging Markets over next 5-10 yrs
2. India 10 Yr Yields
Hitting multiyear lows in 2020 - Like in 2003/2009
Beneficial for interest rate sensitive industry demand
Autos/Realestate/ConsumerDurables
3. Gold
Started Long Term uptrend in 2003, Like in 2020
Basically reflecting Currency Debasing , which inevitable causes Hard Asset Price Inflation
4. Crude
After hitting decade lows in 1999 & 2002, Started long term uptrend
In 2020 just bouncing back from Decade lows
5. Metals - Copper
After multiyear consolidation, broke out in 2003, Just like it's attempting in 2020
Too Many Coincidences..Ehh?
A perfect Storm Is Brewing Up For Equities, Despite huge disconnect from between Ground Level Economy & Stock Market, Which has foxed me too in this Rally
Fingers Crossed for 2021 !!