Folks,
It has been a hectic week and I hope a profitable one for those who follow VP + Demand Supply instead of #$%^&**(())!.
Next Thursday is going to see some BIG moves when the 09/2022 CPI is release.
Let us take a step back and have a look at the overall picture.
Just look at the inflation number and appreciate how HIGH it is. The EFFR is not even halfway there. Looks like there will still be a lot of rate hikes to go before the EFFR meet up with the CPI, probably somewhere around 5.50%. Perhaps then, can inflation be beaten. In the meantime, DJI/SPX/NDX are still clinging on to the SUPPORT zone, hoping things would turn around. But I guess they would be disappointed. There is a BIG chance the US02Y would punch through 4.40 - 4.60% next week. That would be a confirmation that rates will move higher.
Have a wonderful weekend.
P/S : As always, do not just believe what I say. Use your common sense.
It has been a hectic week and I hope a profitable one for those who follow VP + Demand Supply instead of #$%^&**(())!.
Next Thursday is going to see some BIG moves when the 09/2022 CPI is release.
Let us take a step back and have a look at the overall picture.
Just look at the inflation number and appreciate how HIGH it is. The EFFR is not even halfway there. Looks like there will still be a lot of rate hikes to go before the EFFR meet up with the CPI, probably somewhere around 5.50%. Perhaps then, can inflation be beaten. In the meantime, DJI/SPX/NDX are still clinging on to the SUPPORT zone, hoping things would turn around. But I guess they would be disappointed. There is a BIG chance the US02Y would punch through 4.40 - 4.60% next week. That would be a confirmation that rates will move higher.
Have a wonderful weekend.
P/S : As always, do not just believe what I say. Use your common sense.
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.
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.