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Will Crude Oil Drop Taking The Loonie With It?

Published 08/28/2016, 01:03 AM
Updated 07/09/2023, 06:31 AM

Crude Oil to Drop Taking Loonie With It?

Janet Yellen – prophet or doomsday sayer?

LIBOR: Stock Market

LIBOR Daily Chart

Snippet from August 25, 2016 Pivotal Events

  • In 2007, the lead from the “jump” to the S&P 500 high was some six weeks.
  • In 2008, the lead was some 3 weeks.
  • In each case the “jump” lasted around 4 weeks.

Senior stock indexes are flying at 70,000 feet in an airplane designed for 30,000. There is not enough oxygen to sustain intelligent life.

We have been mentioning, the “old” Ted-Spread, which has been trying to break above the level reached with the last financial crisis in Europe. Another way of monitoring money market risk is through Libor, which is moving in a concerning direction. A sharp increase in Libor has preceded important market peaks.

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