Apparently Pepsico is laying off thousands. How will we get our Doritos and coke! Is this the best signal? It very well could be.
PepsiCo To Lay Off Hundreds After Price-Hikes As Consumer 'Strength' Questioned
Barclays Capital Inc., BNP Paribas Securities, Citigroup, Goldman Sachs & Co LLC, J.P. Morgan Securities LLC, Nomura Securities International
Up until now, the majority of layoffs have been focused in technology firms and banks, as talking heads proclaim 'the consumer is still strong'.
However, tonight's news that no lesser staple than PepsiCo is to announce a major belt-tightening suggests the pain is spreading much more broadly across the US economy.
What is the near future? DXY strong. We have previously gone over why. Future of #GOLD may go down but will benefit some-what from dollar strength as some are very aware that USD is built upon a deck of cards. We can say there are trillions in dark pools for swap lines. We already know the derivites market is in the quadrillions. It would seem we are all waiting for this to blow up. It's taking a long time, but it will. When it does it will be in human history for centuries (if we make it that far).