This will be a full week of trading with significant market-moving economic data on the agenda. It begins Monday with the ISMyield finishing at 4.18%. The move lower was driven by Scott Bessent’s nomination as Treasury Secretary. So far, the decline appears to be a standard 38.2% retracement, finding support at the lower Bollinger Band. Could the 10-year yield fall further? Certainly, the possibility remains with the 61.8% retracement level sitting at 3.95%.
The odd thing is that in the fall of 2008, the market was in freefall, with investors apparently trying to find a bottom, pushing dealer positioning to such an extreme. Today, the situation is quite the opposite, with markets climbing higher and investors betting on the continuation of the good times. It’s a polar opposite scenario—an extreme of optimism rather than despair—highlighting the conditions’ rareness.
Remember, I am the messenger of information; how you consume and use it is your call. If you don’t like the message I deliver, don’t read me. It’s very simple.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »
Fuente: Investingcom - 🏆 450. / 53 Leer más »
Fuente: Investingcom - 🏆 450. / 53 Leer más »