It will likely do ABC correction down towards $50.
Idea for TLT: - According to consumer expectations, US is already in a recession. Dow hit ATH through this, so a headfake is due. - We have been patient, but Treasury auction today is a good turning point. - Long Jan 20, 2023 145C for 8.60 debit GLHF - DPT
Idea for Macro: - I'm of the opinion that Fed has already made a policy mistake. - Recession has already begun, as per my September 29 idea and now confirmed by consumer sentiment. - Likely the nominal yield falls below 1.000 again, and yield curve to invert once more. GLHF - DPT
Idea for MOVE: - Bond markets seeing volatility after the Quad Witching and FOMC double whammy. - US02Y 2x ATR spike: - Expecting turbulence the rest of the month. GLHF - DPT
We are on the edge of credit bubble bursting into flames lol. All this is going to be deflationary environment NOT inflation. You can't have inflation without credit. I believe we are on the edge of commodities meltdown cause by THE GREAT RESET of the world's credit system. Not the kind of reset everyone is expecting which is inflationary. This is going to be The...
Forecast for Macro: - Falling Wedge Breakout must be re-tested. - Bear Flattener coming as short-term rates rise with Fed tightening expectations: - 2x ATR spike in US02Y: - The Fed members will probably all have their turn to make comments, leaning hawkish. This should cause a rally in the US02Y. - Bonds Volatility Technically Bullish: - However, this will...
Yields increasing in 5, 10, 20, and 30 yr. 30 yr yield is already above pre-COVID levels.