Loading ...Maybe they expect more rate hikes.
PMs would be screaming to new highs if Powell wasn’t trying to play Volcker. Biden and the lunatics weren’t in office then fighting against them and the economy.
Thirdeye had some insight on the 10 yr treasury. If it falls below the 2.8 Fed would stop hiking.
On his site he posted yesterday and added SH I see. S&P didn’t reverse but gapped down so wouldn’t be surprised to see a attempt pop off that but bearish sentiment. See he had the same market targets but would of had to get over a certain price. I didn’t get squeezed out of the fake out up yesterday before it bolted back down the end of the day.
Europe trying to destroy their economy too coals going up but they said it will be transitory for about 3 yrs until they get their solar and wind going. They’ve been preaching green for awhile but guess it was all talk until Russia cut them off. They weren’t planning very well. When will people get a clue there no experts in energy and don’t know what they’re doing.
Meanwhile France is asking Biden for gas behind the scenes.
See how that works when wind power freezes up in winter and snow buries the solar. Guessing some uranium stocks may benefit “maybe” because Germany closed up plants. Clause Schwab says starve, die of heat stokes or freeze and just kill your economy and yourself and they say okay.
Saw this last night from thirdeye about treasury. Hope he’s right because the left isn’t going to stop spending and on the wrong things.
I read that the two main chip makers one being Intel going to be putting plants up out of US because if the lefties here. One will help Germany’s car makers.
Pelosi won’t pass the Bill because as usual she wants some of that money meant for infrastructure for herself and special interest. Will she be permanently retired in November?
3:06pm- SH still looking bullish, bears have the upper hand still.
9:30am- Bitcoin needs to hold $17,875 area or it could drop to $10k. See chart with Andrew’s Pitchfork.
7:40am- Gold is nearing its D-decline cycle end. It requires the 10-year yield to break below 2.8% and to keep falling. Then we”ll see action. The next bull cycle will take gold to new highs, $2300-2700. I have updated the gold chart at the beginning of this list.
6:30am- Can the S&P 500 find support and reverse upward off 3825 with a 4000 price target?