Strong US dollar backing away from 107. Oil tanks from hitting $95 overnight. A weaker dollar and weaker oil coinciding with a completely flat precious metals movement and completely flat equity markets.
This is the confusion before the storm.
Jamie dimon coming out and predicting 7.5% fed funds rate recently. Maybe the FED is only halfway there to 10% fed funds rate, eventually. What will be the catalyst for the Black Swan event that pushes the economic environment into a financial crisis, then official representation of the recession by government accounting mechanisms?