The USD is what I’d call the stress barometer of the Stone Cold Steve Austin Pittsburgh Pirates Fanatics Branded 3 16 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
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It’s called the Lunar New Year because it marks the first new moon of the Alabama The Big Dance Shirt calendars traditional to many east Asian countries including China, South Korea, and Vietnam, which are regulated by the cycles of the moon and sun. As the New York Times explains, “A solar year the time it takes Earth to orbit the sun lasts around 365 days, while a lunar year, or 12 full cycles of the Moon, is roughly 354 days.” As with the Jewish lunisolar calendar, “a month is still defined by the moon, but an extra month is added periodically to stay close to the solar year.” This is why the new year falls on a different day within that month-long window each year. In China, the 15-day celebration kicks off on New Year’s Eve with a family feast called a reunion dinner full of traditional Lunar New Year foods, and typically ends with the Lantern Festival. “It’s really a time for new beginnings and family gatherings,” says Nancy Yao Maasbach, president of New York City’s Museum of Chinese in America. Three overarching themes, she says, are “fortune, happiness, and health.
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