There are three lines in the chart, one is S&P500, one is the US 10-year treasury yield, and one is the 3-month treasury yield.
In the past, the SPX usually lead the 3-month yield is falling. This means Fed will cut interest rates aggressively when the market turns into a downtrend. However, it's different this time. The S&P500 had a low in Oct 2022, and the Fed continued to rate hike afterward, which means the Oct low is not low enough to scare the Fed from a rate hike. In the chart, not until something breaks the Fed would not start a rate cut.
We will challenge the Oct low and even lower until the Fed changes its mind. Expecting more rate hikes, lower S&P500.
In the past, the SPX usually lead the 3-month yield is falling. This means Fed will cut interest rates aggressively when the market turns into a downtrend. However, it's different this time. The S&P500 had a low in Oct 2022, and the Fed continued to rate hike afterward, which means the Oct low is not low enough to scare the Fed from a rate hike. In the chart, not until something breaks the Fed would not start a rate cut.
We will challenge the Oct low and even lower until the Fed changes its mind. Expecting more rate hikes, lower S&P500.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.