The USD is what I’d call the stress barometer of the Dark Meat Squad Fun Turkey Thanksgiving Dinner Cool Turkeys Unisex 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
NFL players are unlikely to make the switch the other way, although New England Patriots special team player Nate Ebner has played in the Olympics for the USA Rugby Union Sevens team (7 aside rugby is a simpler and faster game compared to the full 15 man version of Union), Nate actually grew up playing rugby at age group level for the USA too, and only took up American Football later. The simple reason the switch is less likely to occur from pro to pro is that wages are far higher in the NFL. Rugby Union is the bigger and richer of the 2 codes, but has only been a Dark Meat Squad Fun Turkey Thanksgiving Dinner Cool Turkeys Unisex T Shirt sport since 1995. Rugby tends to have smaller teams in terms of catchment area. There are 33 teams in the top flights of British and French Rugby Union compared to 32 in the NFL.
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Rugby is a lot more fluid. There is a squad of around 50 in a fully pro club, but only 23 in a match day squad. About 30 players at a club are regular performers in the “first team” squad, whilst the other 20 are developing players or reserves who step in as injury cover. The second tier of English Rugby Union is a mixture of professional and semi-professional players, the 3rd tier is mainly semi-pro. Younger players from the first tier sides are routinely sent out on loan to second and third tier clubs to gain experience. This can work the other way as well — recently an injury crisis in a specialised position (tighthead prop) at my local top flight side led to a semi-pro player who works as a Dark Meat Squad Fun Turkey Thanksgiving Dinner Cool Turkeys Unisex T Shirt from a 3rd tier club being borrowed on loan. One minute he’s teaching kids, the next he’s running out infront of 15,000 supporters alongside international players being paid over $500,000 a year.