Telegram Trading

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Assessment: The hint of rate cuts sparked a small rally yesterday, but for all the excitement and desire to see lower rates…the +0.91% move was rather muted. It further shows that I am not sure what this market could get, short of actual rate cuts, that would propel this whole thing higher. It seems like we have a bloated market but one without any real bullish catalysts to push it…and lacking any material bearish catalysts to cause it to sell. So we are grinding slowly upward…but there’s not a whole lot of money to be made in indices that grind slowly upward. A lot of downside risk for bulls, not much upside risk for bears…or so it appears based on yesterday’s action.

Good luck in your trades!