The US stock market is strong but the currency is weak Marc Faber

during his last interview with CNBC Dr doom Marc Faber said he sees a huge breakout from the narrow trading range soon. “I think the summer is shaping up nicely. The grave is out, we had a huge rally. We now have a narrow trading range but we will get a big breakout.” He then said that the S&P could reach 970-1020.

“I have turned kind of neutral recently because I think we are at that trading range. The big move, a huge move is coming in the dollar, bonds and in equities. But I am not yet sure clearly on what side it will be.”

“I think a big move is coming. But I would like to see really what will trigger the move.”

“The US stock market is strong but the currency is weak; this signals tightening of global liquidity.”