Investors are scared by the seemingly never-stopping bond yield rally and US bond crash. The expected Israeli ground offensive has been delayed, creating more uncertainty and selling pressure.
As US10Y and AGG have started dropping since 26 Oct 2023, IXIC is poised to recover when investors realise that the bond yield rally is not infinite and holding 100% bond 0% stock is irrational. The recent IXIC correction is unusual as the most common cause of panic, recession is not a major concern. US GDP grows much faster than EU and Russia and unemployment is steady. As bond yield is the only major concern, the downtrend will reverse soon.
SPX displays the descending wedge pattern, which indicates a reversal soon. All indicators point to Thursdays 26 Oct 2023 as the top of investor panic and the real bottom of stock price.
As US10Y and AGG have started dropping since 26 Oct 2023, IXIC is poised to recover when investors realise that the bond yield rally is not infinite and holding 100% bond 0% stock is irrational. The recent IXIC correction is unusual as the most common cause of panic, recession is not a major concern. US GDP grows much faster than EU and Russia and unemployment is steady. As bond yield is the only major concern, the downtrend will reverse soon.
SPX displays the descending wedge pattern, which indicates a reversal soon. All indicators point to Thursdays 26 Oct 2023 as the top of investor panic and the real bottom of stock price.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.