mjmassens

YIELD CURVE HAS LIKELY BOTTOMED--RATE HIKES WILL END

the #yieldcurve 10y2y. The Weekly Chart has a picture perfect hammer candle striking EXACTLY at the 1.0 Fibonacci Extension at -1.081%. This fibonacci bounce, coupled with the banking crisis, and the huge drop in the 2y yield (BIGGEST DROP IN 2Y SINCE 1987), leads me to believe the curve has bottomed.

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