Though many people refer to the holiday as Chinese New Year, Chinese people aren’t the Stone Cold Steve Austin Washington Nationals Fanatics Branded 3 16 Shirt who celebrate. The holiday, which is Friday, Feb. 12, this year, is widely celebrated across East Asia and some parts of Southeast Asia. As such, the holiday goes by many names Tết in Vietnam, Losar in Mongolia, Imlek in Indonesia and Tsagaan Sar in Tibet, to name a few. Many of these communities traditionally hand out gifts like mandarin oranges or red envelopes filled with money, usually from an elder to children, or unmarried people. The Iu-Mien community, a Southeast Asian minority group from China, traditionally gives out dyed red eggs. Many East Asian communities will also light firecrackers, clean their houses from top to bottom useful during a pandemic and burn paper money for their ancestors. And lion dances, although commonly associated with Chinese culture, can be found in Lunar New Year celebrations across Vietnam, Korea, Tibet and Indonesia. One might also wear traditional outfits, such as Korean hanboks, or play games like yut and mahjong.
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The USD is what I’d call the stress barometer of the Arkansas The Big Dance 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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