Risk Of Avalanche Selling As S&P 500 Falls Below 200-Day Moving Average | Jerry Robinson

S&P hasn’t done this since June 2016, and tomorrow could see an avalanche of selling, economist Jerry Robinson tells Silver Doctors…
Jerry Robinson of Follow The Money interviewed by Silver Doctors

Looking at the monthly chart, the S&P 500 uptrend is still in tacked, but it is weakening. A tremendous amount of money has been flowing out of the market, indicating a trend shift may be approaching. Until a clear trend emerges, Robinson is staying on the sidelines.

How will the oil futures contract priced in Yuan impact the petrodollar? The petrodollar system creates a perpetual demand for U.S. dollar, but this new contract will erode this demand, Robinson says. At that point, the Fed will no longer be able to print money to solve problems without causing inflation.