Show notes:
TMSpotlight:
12.4.23 Recent Indicators Suggest "A New Day Has Come"
----------------------------
We’ve been waiting for so long, For Fed tightening to stop.
Since the new bull market began in early November, long-term rates have dropped 50 bps even after modest month-end profit-taking. The bullish fundamental picture appears bright with:
Economic weakening in China,
Deflating prices in Europe,
Softening US Jobs,
High real rates allowing the Fed to ease soon.
The lowering of OPEC production goals emboldens the bulls. With mortgage rates reaching 7.25%, dropping below 7% by Christmas might not take a miracle.
Bask in the sun of a new trend.
A New Day Has Come.
-----------------------
Song: A New Day Has Come (2002) Céline Dion
https://www.youtube.com/watch?v=NaGLVS5b_ZY