Fed meeting minutes released Wednesday showed that officials planned to reduce their trillions in bond holdings at their March meeting, with a consensus amount of around $95 billion, increasing supply in the market.
This news seems to be in confluence with the technicals as were sitting at a new higher high and are due for a pullback.
Look for stocks to run higher as this happens but start paying attention to your positions once the 10 yr reaches the highlighted area below.
This news seems to be in confluence with the technicals as were sitting at a new higher high and are due for a pullback.
Look for stocks to run higher as this happens but start paying attention to your positions once the 10 yr reaches the highlighted area below.