Friday, August 25, 2023

JP stood determined to fight inflation ...

market took a plunge, but didn't penetrate last Friday low .. so its a turnaround ..!

Aug 18 low still stands ... as projected ..!

funny thing is, in 2022; Aug 18 had a market high, which started a 20% drop ... which caused fear this year, human nature, but the outcome will be exactly opposite this year ..!

expect the unexpected or better Do not expect anything in first place ..!

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30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!