U.S. Share Market Update

The primary difference between the DOW, S&P 500, and the NASDAQ is capital flows, not what composes each index. All the way up, the DOW was the first to make [...]

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Understanding How Things Must Function

QUESTION: I can follow the reasoning for some of the capital flows into the U.S. now and a bit longer. But eventually much of this capital is going to leave the [...]

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The Fractal Nature of Capital Flows – Government Running Wild

QUESTION: Dear Mr. Armstrong, If bull markets are defined by currency flows, how do you explain the fact that the Chinese stock market has over doubled in 12 [...]

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