While no one indicator is ever the holy grail of analysis. We do need to pay attention to certain key pieces of the puzzle. While we can make up all sorts of cute little stories as to why this is occurring, the fact is it is occurring. This chart happens to top right as reverse repo began April 2021
When the 2 year yield started to rise
And when Bank profitability started to collapse and the yield curve started to flatten. leading to tighter lending standards. tradingview.com/chart/ztx1WdkA/
As mentioned the private sector found a way to to start to tapper way before the FED as seen here. (They borrowed bonds from the FED and shorted them (sold them) into the open market) making killer profits in the processes.
And as I signaled here but my subs were informed way before I posted it on TV.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.