Wed 9/16/2026
The FED joined the markets, see previous post, in raising rates. The DOW has dropped out of its uptrend.
SPX is beginning to do the same. It is closing under the trenedline. We may see an attempt to rally above the line the next two days, I expect that to fail. welcom to the seasonally weak fall. But I believe this is the star of something much larger than a seasonal sell off.
See previous post on interest rates. When I traded bonds in the rate decline era of the 1980s, bond prices would rise right into the day of the rate cut and then fall back. Here prices fall in to the rate rise and then will no doubt rally a bit, tha is what I expect.
I am looking for a rally in silver above 72 before a high sets in.
time to add bear funds HDGE SH PSQ RWM
No comments:
Post a Comment