Posted by :) (99..201.63) on July 19, 2022 at 21:58:49:
"BOTTOM LINE
It is still a bear market. Stocks are currently
on a countertrend upswing, due to
last into early August. There is another
cluster of bottom signals due July 22-27
which will interrupt that up swing. The
Fed Funds COT model says prices continue
trending down until at least November,
and the downtrend will get help from
QT3. T-Bond prices are due to trend
higher (long term yields down) until
November or December, and waning
inflationary forces will help support that.
We are already seeing dramatic drops in
oil and industrial metals prices. CPI
should follow. Gold is making a major
cycle low now, right on schedule. A big
drop in TIP, the ETF for inflation protected
securities, says that an important
bottom is at hand for gold prices."