/biz/ - Business & Finance

>>50644420
The US is only half of the story. Right after the midterms Europe will be going into fall/winter and will be forced to curtail industrial activities because they won’t have enough to get through this winter. Massively inflationary to their already high energy prices. It’s possible the fed raises interest rates by only 50 bps which would be considered a pivot in September extending this rally, again no FOMC meeting next month so this party can go on until then without the parents. CPI readings in Nov and Dec (in reference to the previous months) after oil prices going up, will probably stop the music and get everyone fearful about more interest rates. Also 10 year bond yield technically has formed a head and shoulder pattern. The way this measured move works is you take the highest point of the head and the neckline which is formed by the lower parts of the shoulders, that is the same move you can expect to go down after the completion of the charts, 2.75 neckline and the head is around 3.5. Check the 6 month chart for yourself https://finance.yahoo.com/quote/%5ETNX/ Does it look familiar? It pains me to think about why I didn’t pay attention last year. I am trying to learn from my mistakes. The price has gone up a bit the past day or so and I should feel a little better but I’m still feeling down in the dumps