Wed Nov 1 2023
Here is a update showing a rally then pullback. Clearly this could return to the top of this clearly defined channel. No more rate hikes will help perhaps for the rest of this week. But the overall trend is down.
TLT a 20 year bond ETF made the front page of the WSJ this week. I t was all about big speculative bets that rates have peaked and TLT would re bound.
The one wee rally .has .relieved the over sold condition, see arrows. But I suspect the market reaction to no rate hike will in fact be for the market to hike rates, Jerome you are not in charge.
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