Bounce into CPI/FOMC meeting likely stalls and reverses course

This week’s weakness largely followed suit to the various cycle composites I’ve been discussing that warn of a selloff into 12/21-12/23 before much relief into end of year.   Recent performance has been overwhelmingly defensive in nature, while Treasury yields have shown initial evidence of bottoming out.  As I’ll show within this report, the US Dollar is also nearing important support, and both DXY and TNX should begin to exert some upward infl...

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