if you look at the increased volume on the monthly, it normally indicates a top. The market normally tops in the summer.
Everything is shouting "a top."
What are we left with?
I think deflation is kicking in, possibly. If so, the Fed can't raise and is joking.
The money velocity is degrading because the "grease" is being given to the wealthy which is then "invested." The consumer is getting the squeezing and is pulling back..... The only way to get any inflation is to get money turning over by being spent....The reward for sitting on cash must end. Listen up, Janet.