Thursday Sept 22 2022
Whump! I speculated we might be at the final bottom after the rate hike yesterday, no way, see below the 30 year bond dropped a full two points, that is big esp after such a long drop from August. One might have thought the 75 bp was already priced in to the market, I guess not!
the stock market, after the 522 DJIA drop yesterday does not care much for this either
Notice once again that the NASD is falling far faster than the Industrials. It lead on the way up and is doing the opposite on the way down.
So the third wave downcontinues and will likely do so into the election, watch out Dems
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