Bloomberg on AM DATA
BULLISH call on data and Consumer, of course the AUTO giveaway of last month helped this data.
But as I see it, auto and housing has been played to the extreme, and future demand has been played!
A dangerous situation should a Recession head our way, as OLD tricks might not work next time.
The FED may be even more inclined to continue raising rates, how about that. And when has a rising interest rate environment in the end been healthy for stocks?
SO far bond little changed, see if current FIB retrace holds tight.
Duratek
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