Porabulas, Hyperbole and Cup and Handle

19 янв.

This pattern looks like a good cup handle set up. Also, risk aversion, overblown rate cut bets retracement, Yen BOJ holds rates but likely not hike in spite of inflation out of fear of disrupting the markets after so long without actual non-monetary engineered inflation from actual productivity after nearly 30 years after exploding countries debt in the 90s where the Nikkei lost 75% of its value AKA "the lost decade" more like lost decades finally coming full circle but not complete as with the retirement of BOJ Governor Kokoda Kato windowmaker monetary policy announcements and his legacy of "Yield Curve Control" "YTC" should end that last country with , still, negative yields, but wont do so until geopolitical risks subside out of fear affecting the us treasury markets causing correspond 10 year treasury yields, to in turn, put up rates at a time when 60% of the US treasury debt roll-over locking in higher interest rates at a time when US debt is at a critical unsustainable projecting and with the Democrats pulling all stops to try and keep trump including but not limited using a congress and administrative majority (won on questionable term without a proper investigation in spite of concrete evidence. And, with a Democrat controlled congress killing the China deal, canceling two biggest oil pipelines that would have allowed China to substitute oil for coal reducing global carbon emit by 30% reportedly (Bloomberg), with the market already pricing in 6 rate cuts 2024 is overbought and is especially vulnerable so they may hold rates for a while, thus yen weakness and dollar strength make YEN doubly LONG but reaching range limits ("ATR") based on BOJ but also technical indicator "Average true Range" or ATR chart technical signal indicator.

Note : Since we don't drive a car by looking in the rear view mirror, past performance does not guarantee future results. Educational and Informative is the post's objective (Not "Advice"). For "advice" consult an Advisor of an Adviser or someone qualified.