A large number of Skeleton Welcome To Frogball USA Baseball Shirt companies have beat analyst expectations for their Q3 of 2021 earnings, but their stock prices have gone down significantly (10% to 20%). This is a sure sign that the market has already discounted the best case scenario for the time being. The Fed started tapering from bond buying (also known as money printing or injection of liquidity) in November of 2021. Every time the Fed has ended its quantitative easing (QE) program and started tapering, the S&P 500 contracted 18% to 20%. This is history. The U.S. Dollar had been consolidating for the past few months, but has now broken its resistance. The USD is what I’d call the stress barometer of the system, and a breakout to the upside is indicative of the stress in the system. Note that this makes sense because when the Fed tapers from bond buying, they are essentially strengthening the dollar. The S&P 500 index is trading at all-time highs because the large and mega-cap names are holding it up, but there is a lot of subsequent carnage (and increasingly so), which is a classic sign we’ve topped off in the market. The M2 money supply peaked in February of 2021, which coincided with the top in the most speculative parts of the market, including SPACs and Cathie Wood’s ARKK.
Then comes the Skeleton Welcome To Frogball USA Baseball Shirt how do we know when and where to slot this leap month in? This is where the Solar Terms, consisting consisting of twenty-four nodes (節氣), also known as the 12 Major and 12 Minor Solar Terms. The purpose of Solar Terms is to synchronize with the seasons. Each of these nodes were spaced at approximately fifteen day intervals through the year. The reason why the solar terms are not spaced evenly is because the speed along the ecliptic varies depending on the Earth-Sun distance. Solar Terms depicted the Sun’s position on the ecliptic, with each of them spaced 15 degrees apart on the ecliptic plane. The lunar months were used in conjunction with these 24 Solar Terms (12 Major & 12 Minor) and the end result was the calculation of around 30.43 days to reach the next Major Solar Term, which makes for 365 days in a year (steps were taken by the Chinese to address non-whole numbers but I won’t go into that here).
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