Where are the Green Shoots?

Bloomberg reports Japan Export Slump Deepens, Casting Doubt on Recovery. Exports dropped almost 41% yoy in May, and 0.3% from April.

I fully expect that the Fed will continue printing money, and that will cause Treasuries to fall and oil to rise (eventually). In the meantime, we're seeing oil weaken and Treasuries get stronger.

I don't want to be against the long-term trend. So, I need to be patient and wait.

Another sign of global economic trouble is the export restrictions that China has placed on raw materials. This has prompted US and European complaints to the WTO. Japanese companies are also complaining that China's stimulus hasn't resulted in stronger sales.

I think that at the risk of higher interest rates and oil, the Fed will talk a weak dollar tomorrow. We'll see. Also the unrest in Iran should be good for oil prices. Not sure enough to bet on it though.