The gridlock continues with CB's keeping Yields interlocked for as long as possible. An attack on the highs is inevitable if you ask me, sellers base is just not strong enough.
📌 Recession Strategy
US will lead for the purpose of these flows, buyers may still make concessions and allow a retest of 0.82% lows but anything else looks very difficult. The counter-play here to the topside will cause severe damage to the economy as inflation enters back into the game.
I will be doing a detailed post on inflation as there have been a number of questions coming in around how it will develop. We need to keep tracking the supply side to really get into the heart of the matter. The post is going to cover much more about the reversal of globalisation, government intervention, more protectionism, productivity taking another hammer via covid, less tech and etc and how to work with these moves.
ออเดอร์ถูกยกเลิก
We broke down after the dovish RBA without a breakup.