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clock Created with Sketch. 25/03/19
08:11
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Originally posted by paddington bear:
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Since I returned from my holidays I have mentioned a number of times that I had calculated that the markets were entering what I have called "a window of opportunity" of approximately ten days and I anticipated that the markets would give us some clear signals regarding the outlook for coming months during this time zone. Looks like we just might have had that in Friday's session in New York. The SPX is particularly amazing as it just had to go all the way back up to 2860 to fill the gaps it left in last October's crushing. To just exceed that level by less than half a point and then turn and fall sharply is what keeps chartists so engrossed and spending so much time and energy examining the blessed charts.
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Interest rate yield curves flattening are ignored purely for virtue of not wanting to be negative while (usually) a bull market is going on. Once the yield curve inverses then all the analysts jump on the bear train faster than an NZ prime minister jumps into action (in this case, Kudos to her!).
(20min delay)
