Markets were solidly locked in tight ranges this week, with many cryptocurrencies winding down in tight coils. We reminded our MarketLife members that, while such patterns always lead to great breakouts in trading books, in real life sometimes no breakout happens and the market just flatlines for a line time.
So, folks, there’s news: our yield curve model inverted (for the first time since 2007) on 10/27/22. While nearly everyone seems to be aware that
A few thoughts here, as we head into the end of October. Don’t be misled by daily moves There’s a lot of noise in markets.
Thursday was one for the record books—stocks (and other risk assets) initially cratered under the CPI number, but quickly picked up momentum to the upside