FED's - Thelma & Louise or Brinkmanship?
Chart shows falling market breadth:
White: % of stocks in NYSE above their 20 DMA
Red: % of stocks in NYSE above their 200 DMA
Open questions:
Is the market playing "Brinkmanship" with the FED over raising interest rates?
Brinkmanship: The Cuban Missile Crisis, as it is known, is an example of brinksmanship because both sides of the conflict allowed the situation to go right to the edge of nuclear war before negotiating a deal, where the United States agreed to never invade Cuba.
Is the FD playing a role in Thelma and Louise?
In the 1991 film both parties were surrounded. Seeing that escape was impossible, they chose to die together leaving..... something.... itact.
White: % of stocks in NYSE above their 20 DMA
Red: % of stocks in NYSE above their 200 DMA
Open questions:
Is the market playing "Brinkmanship" with the FED over raising interest rates?
Brinkmanship: The Cuban Missile Crisis, as it is known, is an example of brinksmanship because both sides of the conflict allowed the situation to go right to the edge of nuclear war before negotiating a deal, where the United States agreed to never invade Cuba.
Is the FD playing a role in Thelma and Louise?
In the 1991 film both parties were surrounded. Seeing that escape was impossible, they chose to die together leaving..... something.... itact.
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