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The USD is what I’d call the stress barometer of the Turkey It’s Turkey time can you dig it Happy Thanksgiving 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
Timex makes Versace and Turkey It’s Turkey time can you dig it Happy Thanksgiving shirt watches. Fossil licenses DKNY, Diesel, Burberry, a couple Armani lines, and the Michael Kors knockoff monstrosities. They are easy to stick together. They can even be built into cubes and stacked. You can create forms and design buildings and forts. You can design imaginary machines or cities. You can add vehicles, people and your imagination to create something together that is a product of your child’s imagination. Let your child take the lead.
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So, here I am living in Spoleto. To avoid the Turkey It’s Turkey time can you dig it Happy Thanksgiving shirt two months of the year, I’m in Las Palmas. My first time here. And I’m immediately noticing the difference between the way Italians look and the way the rest of the world looks. Mainly the Spaniards. “OK”, I hear you say, “but, you cannot compare beach life with city life!” Oh, but I can! The Italian is fashion conscious in every conceivable context. Starting with the ubiquitous trainer.
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