Wed 10/29

 10/29/2025

Interest Rates 

Jerome just has to keep talking when he should shut up. He cut rates a quarter point,then suggested a Dec cut may hot happen well guess what the ten year note yield went higher.

 This is the important, the ten year reflects the mortgage yield which of course just bottomed. 

Milton Friedman said the FED should do everything they are going to do by 10 00 AM Monday and then get out of the way, he did not say shut up but he meant it.  Jerome just has to be in the spotlight like all DC lpoliticians. 

I have been looking for a low in rates to go long TBF.

Stocks

 This is a daily chart of the DOW. It posted an outside reversal day to the downside. This means a price higher than yesterday but it covers the entire range of yesterday,and then closes lower. Considering our overbought status, this is significant. Let's see what happens the rest of the week. 

Gold and Silver 

 Gold has completed its first wave A down, expect a bounce back up, same for silver.  The bounce up will be a good time to add bear gold and silver funds.