Loading ...IWM follow up
Seems one of the gaps, as highlighted by Sir Fully in his chart, https://goldtadise.com/?p=599171, is already filled?
Of note today are the declines in DISH and PARA … just see how far they have fallen since 2Q 2021 highs!
All media related companies are heavily debt fueled.
I read the other day that the Costco CFO said they are paying down debt as much as possible.
Did we prematurely declare the end of the rise in yields?
GL
There are 2 big gaps and the second one is only partially filled GL…not even close to filling the first
“Did we prematurely declare the end of the rise in yields?” Not necessarily. After the sharp drop some backup is expected.I expect two maybe three more days where yields go back up some more. They should not go all the way back to their recent highs.Q) Look at the chart of the TLT, what do you see? A) An inverse H&S bottom with an expected gap fill just above 85. See my post on this subject coming out as soon as I finish this comment.