Financials, have NOT broken out…they have ramped on NO volume for months and are simply at resistance in the apex of a triangle. On an fundamental level, bank balance sheets are now more misrepresented and precarious than most would believe.
Oh Deary, Where Did My Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And
Suddenly Lots of Talk About “Rate Hikes”
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What Fed chair Powell said about rate hikes, no rate cuts, rate cuts, and
the QT slowdown while getting rid of MBS entirely
1 hour ago