Cracks forming as highlighted by the move overnight within the Tech sector. As suggested, profit taking at these levels as to the reason for the drop. Therefore any support or push from here is unlikely to be sustained. Volumes drying up.
With a strong economy, there is no need to cut rates.. but the discussion of a possible 'fake' rate cut is what has driven the markets higher. Therefore false hopes all around. When rates were cut prematurely in the 1970s, inflation continued higher... The only time rates are cut, is when it is too late.
The Fed is in existence to transfer wealth from the Poor to the Rich - they engineer times of growth and times of pain but the rich always seem to benefit in all cases, whereas the poor may have times they are better off, but the worse times are much worse overall.. Ask any bogan
Bonds / Gold prices rising is a flight to safety, or with the DXY, a move out of the US for those totally risk averse.
Highlighted in this video, but mostly discusses why
the bond moves.. Just their opinion like everyone else's lol We won't find out until it is too late...
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