Wed July 6, 2022
I delayed buying any more bonds suspecting they had moved too far too fast. Here is TLT. TLT is an ETF of 20 yrear bonds.
This is a four hour chart. The re tracement will be important. If this is a shallow re trace, we can expect more rally. I am thinking this will be a shallow correction followed by more rally.
SPX 4 Hour
/Stocks typically struggle in the summer, this summer is no exception. stocks peaked at the start of June and have performed poorly since.
the INDU rolls over on the weekly chart
I have noticed silver prices have been falling hard, Silver is not alone.Copper is considered the Dr of the economy as it is used in so many construction from chips to wiring.
Corn
Lumber is a predictor of the housing sector
the bottom line is that the economy is weakening, there is less deamnd for all these basic commodities, this is why the stock market is struggling.
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