Choppy Waters Ahead: A Brief Market Update
October 23, 2023 Update
Very quick update this week.
As you can see above, the equal-weight Sp500 is breaking below the consolidation area I have been highlighting for months now. The look is not good. We either bounce up from here or… more pain will come.
Looking around there is little to be optimistic about over the short term.
The 10-year treasury yield keeps grinding higher. I personally expect to come to an end relatively soon, but that moment has yet to come:
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