Central Banks: Big Change Ahead
by Editorial Staff
Updated: August 08, 2022
The Fed doesn’t “drive” interest rates.” It’s a co-pilot, at best
While the Fed keeps rates, the 3- and 5-year U.S. inflation expectations the U.S. are declining fast, according to the Fed's own polls. Hmm.
Our subscribers know that the Fed doesn't set interest rates -- it simply follows the yields in the bond market.
It stands to reason, then, that to know where the rates go next, you need to watch the Elliott wave trend in the U.S. Treasuries.
Our monthly Global Market Perspective can show it to you right now -- along with updated forecasts for 50+ of the world's biggest markets.
November 15-16 saw an across-the-board collapse in cryptos, led by a 13% plunge in the #2 digital currency Ethereum. Traders are now watching to see if prices reverse back up after the drop. But was it possible to see the reversal coming in advance? You bet!
Most investors employ no method for anticipating market turns. Instead, they often linearly extrapolate trends into the future. Here's how this can backfire in a big way -- in a single day!
Was there a way to anticipate the epic bearish turn in bonds before the Fed's aggressive rate hikes? Yes -- see the chart and forecast GMP subscribers saw in December 2021, showing that bond yields were about to explode.