Nasdaq correction continues…(+update)
And rate cut probabilities keep exploding! Now 2 cuts by Nov 5th meeting… and a coin flip for April 29th meeting!!!
All that with a -1.6% drop in Nasdaq. If this corrects another 5 percent… more easing should really be priced in by precious metals.
Edit: remeber my previous work on this? Well… gold and silver should be continuing their rally for a while!
Edit: update.. Nasdaq now -2.6%.. probabilities keep increasing… This will have to stop/slow the bloodshed for us equities soon…
This is a great tool you discovered Patrick.
Working as planned
great stuff
Thanks Fully! It looks like this breakout in rate cut probs will hold this time. Exit sign for us is when the cut actually happens!