The Bear Room, page-918

Ultimately interest rates are going to 20 percent with the first staging post 11 percent, but looking at the chart of the 10 year bond there is potential to fall to 3.2 percent in the short term meaning circa 100 basis points of cuts.

I mentioned Arribaca and Robusta Coffee charts yesterday which both showed significant gains overnight.

Wheat is coning towards the end of its decline and could double from here.

I dont know if anyone has noticed but food producers are using every opportunity to rort consumers not only increasing prices well above inflation but downsizing contents also so real food inflation is exaggerated.

These raw material increases will lead to hyper inflation in the next six to twelve months but I don't think the uber rich have finished sucking in the last of the remaining money from the sidelines and none of the FAANGS are displaying terminal patterns as yet.

Affirm is evidencing a Bollinger Band squeeze on weekly charts so could see sharp increases from first interest rate cuts.