Regional Banks are telling us everything about this market!
#banks #kre #stocks #dxy #crypto #bitcoin #pacw #wal #bankingcrisis
Though I've expressed this all along this past year, regional banks are now confirming everything I've stated regarding JPOW and the FED only having two choices about the future of the U.S. economy: deflationary recession/depression OR hyper-inflationary recession/depression. The line in the sand has been drawn and crossed. Should the FED attempt to rescue the economy by pausing rates or even pivoting, we'll likely see hyper-inflationary recession at the very least. On the other hand, should the FED continue to focus on tackling inflation, then recession it is.
Watch this chart closely along with our DXY chart. They are currently leading EVERYTHING (stocks, crypto, commodities, real estate, everything).
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