I think, as per last night, we are going to see a quick upside bounce, I believe the macro trends (negative) will reassert themselves.
There are several reasons including rates, SPX/RUT ratio, USD/JPY, too many to get in this post and get it pout quick enough, for now, lets just look at TICK and there are some sharp, but small intraday positive divgerences at the lows.
TICk seems like it will break this morning's downtrend and Yields are pulling higher this morning.
I'll make the rest of the case in a market update in which I have more time, but I want to get this out ASAP.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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