Wed Nov 2 2022
You will read that the FED is blamed for the reversal today but, we had completed an A B C correction to the upside, we saw a last throw over for stock indexes and then
a collapse. The third of three wave down has begun, plan on lower stock prices.
Bonds meanwhile had the 75 bps baked in, no real change in rate today, so time to buy long bonds looking for a rally into February.
Regrettably screen capture not working,so no charts but
interest rates have peaked temporary, look for bonds to rally into Feb 2023
stocks have completed a rally look for much lower prices into the fall
There were so many gyrations today, well let's take a breath
I suspect we have hit a temp high in rates and low in price on bonds that will last until February 2022
Stocks completed a three wave counter trend up move, and the 900 point reversal is evidence of just that
lower stocks, higher bonds in the next few months
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