08-12-2024 “Always Crashing in the Same Car” Into The Bear Wall
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The market’s going ’round and ’round the DATA garage
Must have been getting close to 3.44.
The struggling Dollar and Gold’s sustained bullishness point to calamity ahead. Meanwhile, Crude Oil and Bonds do not expect WW3 within the next two weeks.
After the 10-year T-Note yield reached 3.67 and corrected to 4.02, expect the correction to stay under 4.18 and probably 4.08. The bulls should reach 3.44, sending mortgage rates below 6%. But will they crash into the bear wall again?
Ah (singer only), bulls are Always Crashing In The Same Car.
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Song: Always Crashing in the Same Car (1977) David Bowie
https://www.youtube.com/watch?v=hv7Y7F-Q2KE