Take a look at a chart which indicates that baltic freight, crude oil, and iron ore are getting hammered.
One of our members, Ray, sent this chart to me this morning, I think it is telling:
Baltic Freight, Crude Oil, and Iron Ore hammered....
SOURCE: WALL STREET EXAMINER
If equities finally succumb to this low-growth pressure, i.e. slow top-line flows to earnings...short AUD/JPY could run (next chart); we are effectively in this trade by being short AUD/USD and short USD/JPY....
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