Tess and The Details Scorpion shirt
The USD is what I’d call the stress barometer of the Tess and The Details Scorpion shirt, 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. Well, the truth is, the companies whose stocks have overrun have gotten so large in market cap that it’d take them years for them to grow into their respective valuations, so either these companies grow at a much faster pace, which is unlikely, to “catch up” to their stock prices, or their stock prices will have to come down to Earth
Tess and The Details Scorpion shirt
Delores, at ten weeks old, was quickly getting integrated into the Tess and The Details Scorpion shirt of the flock. Because these six little chicks started out in an aquarium with a heat lamp in my study, then moved to a large hamster cage, then finally outside in a cage kept inside the barn, the grown chickens had all slowly acclimated to seeing Delores and his sisters. However, the first few times I put the babies in the open with the hens, I cautiously supervised the meeting. There was blustering and a little pushing by the big chickens – similar to what you might see on a junior high playground the first week of school – but nothing too severe. Once when the largest hen, Joan Crawford, pulled at Delores’s tail, he ran to me and flew into my arms – but when I scolded Joan and she stalked off to pout, Delores was brave enough to go back and try again. The pecking order shook out fairly easily within a couple days, with Delores towards the middle.
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