- Pls. observe some of the technical damage in the various markets, from FX to Fixed Income to Stocks
- The market looks tired
- The only one that still seems hot is the TED Spread ( 3months Eurodollar - Fed Funds). This is also the market where the FED can do the most and where they hope that this will translate into the others..... . This should stimulate the banks to lend in a perfect world of econometric models.....
- The next weeks will have to prove the greenshoots with earning, employment data, ISM data, Production & Capacity utilisation etc.
Conclusion:
The next weeks will be very exciting !!
No comments:
Post a Comment