So far the market seems tame, it is still early. However there are a few things worth noting...
Since yesterday's reversal of the F_O_M_C knee jerk reaction, today thus far has formed a small consolidation pattern where it should be and volume confirms it. This is actually a bit more bearish then it first appears.
This is the SPY vs the Euro (red) and the Euro has taken off on a parabolic climb, the typical correlation would have seen the SPY move up with the Euro, it may still, but it hasn't thus far and even if it does, it's showing a significant lag.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment