When Delores spent his first night actually out with the other chickens in the Folklore Album Evolution Of Taylor Swift Shirt, I was anxious about how he would handle himself, as he was pretty shy. After a few false starts (and getting pushed off perches by the other chickens) he chose a walnut branch that lead to the night perches and slept on that. When Delores became a big, beautiful Golden Phoenix adult rooster, I thought the hens would probably make absolute fools of themselves trying to get his attention – and if he ignored them it would serve them right! I suppose I should have done something about the name – but Delores responded to “Delores” and appeared fine with it. (Also, my Aunt Delores would have been devastated if I changed his name.) A friend suggested calling him “Del” – which sort of made sense – but that sounded like he was lead singer in a retro 60’s band. As long as Delores didn’t mind – and let’s face it, he didn’t care – I was perfectly content to have a sweet rooster named Delores.
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The USD is what I’d call the stress barometer of the Marquette Golden Eagles 2023 Big East Men’s Basketball Conference Tournament Champions Locker Room T 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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