You went well until the last sentence. We made a high on Nov5 and had been correcting for over 3 weeks, the longest correction since the move from 90c. The downmove saw a correction of nearly 50% of that move.
I call that a healthy technical correction, one that, given the fundamental news is over. We caught our breath.
We are now starting a new upmove. Bond purchases, variants and inflation should be transitory, except to a few permabears, and should have little bearing to RHY
You went well until the last sentence. We made a high on Nov5...
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