So the 10Y Yield (USA) has a fib time zone that places a strong move in the afternoon of the 30th of this month. I feel like it goes without saying but this is when Q2 ends and if we have another quarter with a negative GDP - thanks to the braindead president's apocalyptic ineptitude - then we will enter a recession which for those unawares is just two quarters of...
The fib time zone that I have drawn on the DXY chart tells that there is going to be a strong move but as anybody who has used fib time zones knows, it doesn't say in what direction. The bond market has (according to traders better than me) priced in so a 75bps hike, so that is certainly on the cards (I don't think that that will happen tbh but I'm pulling that...
