Folks,
It has been a hectic week and I hope a profitable one for those who follow VP + Demand Supply instead of #$%^&**(())!.
Next Thursday is going to see some BIG moves when the 09/2022 CPI is release.
Let us take a step back and have a look at the overall picture.
Just look at the inflation number and appreciate how HIGH it is. The EFFR is not even halfway there. Looks like there will still be a lot of rate hikes to go before the EFFR meet up with the CPI, probably somewhere around 5.50%. Perhaps then, can inflation be beaten. In the meantime, DJI/SPX/NDX are still clinging on to the SUPPORT zone, hoping things would turn around. But I guess they would be disappointed. There is a BIG chance the US02Y would punch through 4.40 - 4.60% next week. That would be a confirmation that rates will move higher.
Have a wonderful weekend.
P/S : As always, do not just believe what I say. Use your common sense.
It has been a hectic week and I hope a profitable one for those who follow VP + Demand Supply instead of #$%^&**(())!.
Next Thursday is going to see some BIG moves when the 09/2022 CPI is release.
Let us take a step back and have a look at the overall picture.
Just look at the inflation number and appreciate how HIGH it is. The EFFR is not even halfway there. Looks like there will still be a lot of rate hikes to go before the EFFR meet up with the CPI, probably somewhere around 5.50%. Perhaps then, can inflation be beaten. In the meantime, DJI/SPX/NDX are still clinging on to the SUPPORT zone, hoping things would turn around. But I guess they would be disappointed. There is a BIG chance the US02Y would punch through 4.40 - 4.60% next week. That would be a confirmation that rates will move higher.
Have a wonderful weekend.
P/S : As always, do not just believe what I say. Use your common sense.
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