The Brains Trust-2022, page-1989

Just got to play what's in front of us. US 10yr looking toppish. Bullish engulfing on the daily US indices. S&P weekly and monthly has still honoured the 200 and 50 MA's.

Even the '01 bear market had a three month respite before finally bottoming out and spiking on that Vix.

Im convinced we will get that big move on the Vix before this bear market is out, but it won't be this month imo.

I think last night's move is sign that there's a lot of people willing to bid in at these levels and support should hold around here til EOY. I think the real shakeup could be 3-4 months down the line from now when we see the effect of these high rates on business bottom lines.

Fed will go 0.75% and reporting season will steal everyone's attention for a few weeks and it's far too early for the effect of higher cash rates to feed into earnings yet.