We now have a secondary peak with this SP500 daily chart, but this is not the real high! There are expanded patterns that constantly catch us by surprise, if we are not actively looking for them.
Our wave counts will be so far off course when we do not suspect any expanded pattern to be in progress. It’s also the biggest early indicator that stock markets are correcting with a Cycle degree flat, while gold is in a zigzag of the same degree. With the gold price crashing we know deflation is the issue, not inflation. The general markets will eventually act together or “hook-up” as all asset classes are going to deflate in price. During the 2008 crash gold, silver, gold stocks, oil and the general stock markets all crashed together for 8 intense months, while the US dollar index soared!
The exact same conditions in 2008 are present now, as the US dollar refuses to implode. The US dollar bear market ended in 2008 with a zigzag crash, so it’s in a bullish phase that very few USD watchers understand. It will be the huge corrections in this giant bull market that gold will perform moves that will shock us.
10,000 Boomers are retiring every day for the next 18 years so this will drain workers on a massive scale, and will no longer be producing in the economy. They will also be downsizing, and spend far less in the process. When they start to die, they will also be permanent sellers of real-estate and stock market holdings. Every western or developed country in the world has the same problem with Boomers disapearing on a massive scale. After every market crash a fertility crash gets reported a few years later which economist don’t even look at. When the future looks bleak, then raising a family will be the furthest thing from their minds.