Today’s the big day. Uncle Jerry’s Circus Is Here Under the Big Top, or big bottom, not sure which yet. We won’t know until the show and the following Uncle Jerry’s Dog and Pony Show for the Assembled is finished. So stay tuned sports fans. And let the games begin.
Keep in mind, that nothing that happens today matters. The real business of business returns to the airwaves tomorrow.
I won’t deign to attempt interpretation of this chart. It’s a mess. In between the levels of 4415 and 4467 it’s all noise, all the time. Talk to me when we’ve broken out.
Shape of the 6-month Cycle Bottom
The big news is the attempted jailbreak on the 10 Year Treasury Yield. They’re above the October 2022 high of 4.33, but really need to break 4.40 for an upside breakout. I’ll get into a deeper look and outlook in the next Liquidity Trader update.
For moron the markets, see:
- Screen Picks – An Awful Week, But Hold On a Minute! September 18, 2023
- Shape of the 6-month Cycle Bottom September 17, 2023
- Gold Teeters Toward Disaster September 13, 2023
- Here’s Why This Stuck Market Is Not Surprising September 13, 2023
- Beware! Jobs Really Much Weaker Than They Say September 4, 2023
- Here’s Why This Is a No Clickbait Market for Primary Dealers August 24, 2023
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