M2 US dollar money supply just logged its 10th straight month of contraction at -3.6% in September. The longest period of money supply contraction since 1933 just keeps getting longer. It fell 3.6% in September.
Cocktail of low or ultra interest rates, coupled with Fiscal overhang lead many spaces buy and hold mode. That strategy is sure to fail in the new regime change. There are always places to be in, however we have multi asset class now, crypto rally suggests the smart moves going elsewhere apart from precious metals.
US banks take by their names are near 5 years low save the like of CHASE. Citi is near 10 Y. Something is not matching to the eyes.
Central Bank's Balan sheets bleed with MTM losses, which in turn means less transfers to the exchequers. Today data of US GDP good is bad in store. Our Index has broken, the big names are in trouble. Where the sanity prevails is to be seen 42300 is one pit stop.
For the day prefer 42400-43000 range, bias is bearish.
Cocktail of low or ultra interest rates, coupled with Fiscal overhang lead many spaces buy and hold mode. That strategy is sure to fail in the new regime change. There are always places to be in, however we have multi asset class now, crypto rally suggests the smart moves going elsewhere apart from precious metals.
US banks take by their names are near 5 years low save the like of CHASE. Citi is near 10 Y. Something is not matching to the eyes.
Central Bank's Balan sheets bleed with MTM losses, which in turn means less transfers to the exchequers. Today data of US GDP good is bad in store. Our Index has broken, the big names are in trouble. Where the sanity prevails is to be seen 42300 is one pit stop.
For the day prefer 42400-43000 range, bias is bearish.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.