The markets are realizing the implications of unfettered QE and bloated central bank balance sheets via widespread sharply rising prices (rampant inflation) coupled with labor shortages.
Durable goods & housing sales slowing, consumer sentiment at the lowest level in 40+ years.
These massive headwinds coupled with global nation-state pressures has driven towards further uncertainty and volatility.
Economic indicators and indices are pointing towards a broad market retraction/slow down.
Major near-term inflation reporting PPI/CPI is early next week, the last inflation reporting prior to the FOMC meeting on 5/3 & 5/4.
The Dollar is beginning to regain value while risk-on assets like Bitcoin decline. Risk-off assets like gold are gaining momentum.
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