Another ugly signal just hit the markets.
One of the most important metrics for global growth is the Australian Dollar. It, like Copper, is VERY closely associated with global growth.
Well, the Australian Dollar is CRASHING, having fallen 5% in December alone. Remember, this is not a stock we're talking about... this is a CURRENCY going into a FREE-FALL.
Paired with the crash in Copper we noted last week, this is a NASTY “one, two” punch to the “growth" story for any stock market bull. With Copper and the Australian Dollar but entering free-falls... stocks are on borrowed time.
At the very least, we expect stocks to drop 9% in the next 4 weeks.
Another Crisis is brewing… the time to prepare is now.
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As we write this, there are fewer than 9 left.
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