Good morning STB!
In our continued effort to be positive this month - The Trojan horse team exposes more fraud and corruption. Yea! No one has actually been arrested yet, but I’m sure, at some point, sometime, maybe, possibly, something more than accusations and sound bites will definitely happen. I’m positive, almost. Maybe.
Good v evil On
On to the lie -
Minis off 7. Either forming the top of the RS or a launch pad. Looks like the .25 rate cut will happen next week. Debt cost, jobs, inflation - at this point the cost of debt is the only thing affected by this cut, but until they stop spending nothing they do really matters. It’s a shit show out there. Ukraine war is ending, so they volunteered South America to be next. Enjoy the show.
Update - inflation is real. My UST10 chart shows a higher low and has retaken the 50dma. I’m giving an IHnS a shot here. If neutral wedge resistance at 4.1 breaks, the target will be 4.35 which coincides with next resistance. Japan reversal carry trade. I think TA still possibly works for bonds.
Have a great weekend.
Go Dawgs!
“Every time a bell rings, an angel gets its wings.”
Merry Christmas STB! Get out there and spread some cheer.
GL and GB!