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MacroVoices #312 Charlie McElligott: Tightening Cycle Is A Headwind Until It Becomes A Tailwind

Macro Voices

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The Reversal Candle Is a Cause for a Big Question Mark

We were heading almost north of two thousand. Went to 19 70. Just a huge rip on this. And just like crude oil, it just gave it all back by the end of the day. The thing all we have to do is stay above 18 80. Even if we got down to 18 60, you could still make a strong argument that the boltrand is still in effect.

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