We saw an improvement in the CPI numbers at 3%, but the PCE number is what Fed is concerned with as it is still lingering around its high point. Out of the approximately 4,000 banks in the United States, it seems like JP Morgan, among these top 7 banks we are seeing here, is the only bank that has climbed back up from the March banking crisis. The rest are still...
The Fed chairman has given the market a very important clue on 13 Dec 22. At what level will he consider an interest rate cut? He said “I wouldn't see us considering rate cuts until the committee is confident that inflation is moving down to 2% in a sustained way,” meaning only if CPI is heading nearing 2% then it is hopeful to see a rate cut. Market consensus...
2022 has been very difficult year for traders and investors, but this new year can be much better, here we will guide you in the 2023 in your quest to learn how to trade.
In this update we review the recent price action in the US30YR and identify the next high probability trading pattern and price objectives to target
In this update we review the recent price action in the US30Yr and identify the next high probability trading strategy and price objectives to target
In this update we review the recent price action in the US30Y Bond Yield and identify the next high probability trading opportunity and price objective to target
There's nothing much to see in the stock indices as the trends, or lack thereof (RTY1!), have continued. This week I'll be watching the 10Y rate to see if a retest of the recent lows matters at all to the broader market. When things are slow, it's good to measure just how slow. I like to use the 7-D ATR to gauge volatility and I explain how to do so in this post.
Here is a video I created last night and forgot to upload. Talking about the YEN, GOLD, SPY