The significance of four thousand was about that descending trend line with the fibinace retracement and the moving averages all kind of converging in that 39 50 to four thousand zone. Once the market has cleared that zone, it is signifying tats that their bulls have a little bit more gas in the tank than just a quick little retrace that rolls right over. But i would still be watching if the uro starts to roll over as a signal. Let's move on to gold futures. On page four, chart does not look healthy at all. We just hit 16 80, which, olahanson told us more than a year ago. I think that was a really
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman (Convexity Maven) to the show to discuss the relationship between inflation and bond yields, why the stock market has been so resilient in the face of worsening macro data, and much more. https://bit.ly/3zkH2Mp
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