Looks like Jerome Powell provided TYR to become slightly more valuable overnight with his hints that we will soon start to see the end of QT ? I am a huge fan of the following piece of software developed by the CME which is trying anticipate using the fed fund futures when the cut might be.
The highest probabilities are shaded in blue for each meeting date. The current range is 525-550. For the meeting in March (3/20/2024) FedWatch is predicting there is now a 68% probability for a 25 BPS (Basis PointS) cut.
Markets have already anticipating the move with high P/E growth stocks like XRO (PE -400) rallying. As @pencilin has been pointing out TYR is in a tight range (or price is going through a state of contraction) Usually the next stage is price expansion or "Mr Market" starts to buy the lows & we should start to see wide range bars. Nice gap up today !
TYR Price at posting:
$1.06 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)