Call me a permabear, because despite the repeated thrashings I am now more Bearish than ever. Everything underpinning my macro thesis is slowly playing out. Of course, the crux of my thesis is the USD: Specifically the USD going up. The largest market in the world (forex), is the most powerful & influential. What the dollar (the global reserve currency) does has ramifications that affect every other market on earth. Dollar strength spills over into commodities(oil), equities(earnings), bonds, etc... After a near vertical move, the dollar has consolidated sideways for half a year, but today we are sitting at a pivotal moment in time.
We are at a point in history that despite an atrocious global economy with every nation of the world (including China) economically slowing, the Fed Finally wants to raise rates after keeping them at Zero(unprecedented) for seven years(madness). If the Fed were to raise rates at a time where nearly every other nation on earth is debasing their own respective currencies, the dollar will most certainly resume it's northbound trek into the stratosphere!