A little lesson in interest rates for you kids out there following me. The notion that rates are too high for the market to go up is nonsense, we're basically at the same interest rate as when the Dot Com Bubble and Housing Bubble occurred. The low interest rates you've seen for the last 15 years is because of the housing bust and subsequent QE.
You can see in the late 80's the market went up with interest rate at 9%. You shouldn't short the market just because of interest rates. Daily indicators hit oversold on every index and bounce up today. Bullish.
You can see in the late 80's the market went up with interest rate at 9%. You shouldn't short the market just because of interest rates. Daily indicators hit oversold on every index and bounce up today. Bullish.
Comment:
Orange line is
SPX
SPX