It would seem so, as the current NFTRH target awaits despite a hawking Fed
While day to day it can be frustrating watching a plan play out in a volatile market, we have nailed the interest rate backdrop that the now hawking Fed has been whipsawed by and is trying to catch up to. But over educated eggheads will be over educated eggheads, and as they chase the inflation story…
…Treasury bonds are busy rallying as yields pull back.
…and our target of 2.5% looks doable, as the uptrending daily SMA 200 above coincides with the big picture monthly ‘Continuum’ objective of a test of the (formerly) limiting EMA 100 & 120 and the neckline to the pattern that we also nailed as we entered the meat of the inflationary phase.
As a side note, check out the Continuum’s news threads. It has exchanged its former red ‘limit’ suit for a green support suit. Something has changed on the macro and this is reflective of that something. I really dig this stuff.
You’ve got to have the macro right in order to have a chance to deploy correctly and there is (IMO) not much that is more important than bonds and other signalers of the inflation/deflation situation.
I am, and NFTRH is taking cues from the bond market, among other signals, about how to be positioned. To varying degrees, always have and always will as long as the current system holds together. When it breaks up, new or at least additional tools may be needed.
In classic form, the Fed and its dignitaries are chasing yesterday’s news. That inflationary news may also be tomorrow’s news, but tomorrow is due for a continued interruption which, you may recall, we were well out ahead of. It’s the only way to manage seemingly unmanageable modern markets.
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