Current Outlook 1) Stock Market – Stocks are expensive by historical measures, and are at resistance. 2) Bonds – Long-dated bond yields probably reached a high that will last for months, but are ripe for a countertrend move. 3) Currency – The DXY index is at support. A rally in the DXY is bearish for Stocks and Gold. 4) Gold – Gold is staging for a major breakout, but we don’t think it will occur … read more Newsletter #451—Keep An Eye On The DXY