Show notes:
TMSpotlight:
01.08.24 The Rate Trend is "Searching for It's Baby"
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Bulls wonder, they wonder why
Bonds had to go down this way
The rate trend is down, but the 10-year yield needs to correct between 4.10 and 4.25% to relieve the pressure from recent short selling by fast money. Meanwhile, dropping back below 3.90 invigorates the bulls.
Fundamentals remain mixed. Will ships avoiding the Red Sea passage drive up inflation and rates? Or will it drag the global economy and sink rates?
Regardless, give Bulls one more try.
Searching big bounce. Bulls Searching to go low.
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Song: Searching For My Baby (1966) Bobby Moore and the Rhythm Aces
https://www.youtube.com/watch?v=rKJsW6DRgeY
Recession signals article as discussed by David - These Recession Signals are Flashing Red... and have NEVER Failed (youtube.com)
Economist prediction for 2024 as discussed by David - US economist predicts 2024 will bring 'biggest crash of our lifetime' (foxbusiness.com)