- Reaction score
- 2,141
After Friday's negative reversal, seeing some downside early Monday morning isn't a surprise, but with the Fed on the verge of its next interest rate cut (we suspect) I don't think the bears will get too aggressive. Maybe after the Fed decision on rates, etc. However, I have often been surprised at some of the moves that we have seen before a Fed meeting or a big jobs report, so you never know.
Rumors, positioning, profit taking or speculation can cause a little more volatility than you'd expect leading up to a big news day.
Yields are up sharply, breaking above key resistance on the 10-year T-note.
Small caps are leading this morning, but they are well off the earlier highs after another smack-down off the double / triple top. This is typical action, and we'll see how much push the bears have at this level. Will we see a more defined right shoulder forms before a breakout?
Gold, oil and bitcoin are all down this morning with the dollar and yields rallying.
Rumors, positioning, profit taking or speculation can cause a little more volatility than you'd expect leading up to a big news day.
Yields are up sharply, breaking above key resistance on the 10-year T-note.
Small caps are leading this morning, but they are well off the earlier highs after another smack-down off the double / triple top. This is typical action, and we'll see how much push the bears have at this level. Will we see a more defined right shoulder forms before a breakout?
Gold, oil and bitcoin are all down this morning with the dollar and yields rallying.
