From the Desk of Ian Culley @IanCulley
Fed Chair Jerome Powell continues to rule the markets with an iron fist, mercilessly punishing any who doubt his supreme will.
Or maybe I should stop daydreaming at my desk.
Either way, this little fantasy is a helluva lot more entertaining than the monotonous uptrend in US Treasury yields.
But I’ve found boredom – when not taken seriously – can lead to neglect.
That’s where process steps in to save the day.
It’s hard for the market to catch us off guard if we’re constantly reviewing the charts.
And these next two bond charts demand our full attention…