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Strategies & Market Trends : CFZ E-Wiggle Workspace

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From: POKERSAM8/3/2018 7:42:38 PM
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Fintas

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In my opinion nothing has changed. We continued and probably completed wave c of ii off the top of [2] @2848. I think this makes me one of only two living bears on the planet. I came across one other.
If we break 2849 this will have to change and I will deal with it. Until that time I recommend that everyone strap on your parachutes and look out below.
The news is out and earnings are winding down. The reckoning is about to take place.
Do not fight the Fed.
It's a market force that has been brewing for quite some time: an inverted yield curve.
It hasn't happened yet, but the next Federal Reserve rate hike could push yields on the 2-year Treasury Note above the 10-Year Treasury yield. A Dec. rate hike would do it.
The spread between the two yields is already at its narrowest point in over a decade.
An inverted yield curve is historically an accurate indicator that a recession is looming.
The commonly agreed on odds if we get an inverted yield curve is a 90% chance of recession in 2019.
Rotation has begun into defensive stocks. There are a lot of consumer staples on the list of the most green stocks today. There were two large buying programs that took place late today.
Odds of a Sept. rate hike as of today is 91.2%.
Odds of a DEC. rate hike as of today is 65.1%.
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