Get your scissors, we're going to the moon
I have several market calls for Pros today. Not investment advice!
Dear Readers,
Now that we’ve entered the next phase of monetary policy, I believe an update in outlook is in order. We’ve turned the corner on every narrative of the Fed trying to play hawk. Our intuition is that the inner dove of the institution shines bright inside FOMC meetings, and when the shit hits the fan, those voters only know one way: capitulation.
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Today’s charts
2s
10s
2s10s
2s5s
DXY - WATCH THIS
Chinese yuan - WATCH THIS
S&P 500
Bitcoin
All prices, no fluff, narratives last
Breaking out in dramatic fashion on Thursday, the S&P 500 put in a forceful statement. If price is truth, then large breakouts to all-time highs on strength, volume, and news must be respected.