$TLT - SAFE HAVEN -
Added 2024-12-17 13:16:51 +0000 UTC$TLT is still above its 0.618 Fib at $89 and still not taking any direction until we see what happens with the US 10YR at the top trend line....which will likely be decided by the FED this week
I would like to see the FED pause cuts this week, I don't see any benefit to cutting this week, the market does not need any help right now as it pushes higher
Interest Rates and the US 10 YR usually move in sync and right now they are starting to separate which is not a good sign....so if the Fed cuts this week and the US 10YR goes higher, things start to become unstable.....which may be inevitable at this stage considering we expect an ABC correction.
Comments
A pause would actually make sense, but not politically. Trump would not like that one bit. The rate cut has been priced in and the market seems to think it's a formality. What will be interesting is if we get a hawkish or a doveish FED chair.
Dipen Patel
2024-12-17 16:15:51 +0000 UTCBut if they stop cutting it would also mean tlt likely lower no ?
Bercan
2024-12-17 13:40:55 +0000 UTC
