Post FOMC "pivot" has caused a break of the potential HnS top in yields
HOWEVER - this could be a false break as currently holding right below the neckline
If PCE data tomorrow comes in hotter than forecast then all bets off again and yields higher as market is ahead of itself in thinking FED has pivoted already
More hike to come imo unless everything craters
HOWEVER - this could be a false break as currently holding right below the neckline
If PCE data tomorrow comes in hotter than forecast then all bets off again and yields higher as market is ahead of itself in thinking FED has pivoted already
More hike to come imo unless everything craters