event driven shadow did not see that i did. the bond auction rather then FED minutes really caused this. I am just very critical of ECO policy we are now in.
You post that and then people get political. Interest rates are way too low for tax cuts and bonds. Stock or bonds had to give and so we are back to interest rate sensitive. All treasury bond auctions must now be analyzed.
In the good all days 1% rate hike equaled 10% correction.
value area did not change much but up move was wave 2 up now in wave 3 down. almost a 2% move down.
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