We also have OPEX tomorrow and we often have a rollover right
afterwards and that might be a bottoming period. I also noted on
your chart that the typical rally gets weak again mid November.
Thanks
Posted by pmahoney on 19th of Oct 2023 at 02:26 pm
Market is going to need to fight against higher longer term
yields for foreseeable future. Fed is not coming to the
rescue anytime soon with GDP growth so high and could raise again.
Consumers will continue to spend, spend, spend until
they hit their credit card limits. Food prices still high,
gas prices still high, car prices still high. More and more
debt coming.
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We also have OPEX tomorrow
I cannot make sense of today's action; constant chop and ...
Posted by rbreese on 19th of Oct 2023 at 02:03 pm
We also have OPEX tomorrow and we often have a rollover right afterwards and that might be a bottoming period. I also noted on your chart that the typical rally gets weak again mid November. Thanks
yes good point on OPEX,
Posted by matt on 19th of Oct 2023 at 02:12 pm
yes good point on OPEX, but as far as the market, the bears clearly have the football until it's intercepted
Market is going to need
Posted by pmahoney on 19th of Oct 2023 at 02:26 pm
Market is going to need to fight against higher longer term yields for foreseeable future. Fed is not coming to the rescue anytime soon with GDP growth so high and could raise again. Consumers will continue to spend, spend, spend until they hit their credit card limits. Food prices still high, gas prices still high, car prices still high. More and more debt coming.