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Thursday, May 02, 2024 8:58:08 AM
By: Marty Armstrong | May 2, 2024
The major resistance is 6.25%, and support is 4.5%. Powell fully understands what is going on. Inflation will not die. As we have laid out, we are looking at STAGFLATION.
The Yearly Timing Array further confirms that we are considering rising rates into 2027. This is the War Cycle from every possible direction we investigate. Any reduction is possible briefly by a quarter point if he sees the economy turning down in July. Real Estate jumped 6%+ in February, and all this money handed out to Ukraine is inflationary, just as the Vietnam War broke the back of Bretton Woods.
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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