Stocks Are Muted. Interest Rate Inversion Extends

Stocks were basically muted in today’s trading. While there was a lower low today, breadth was stronger suggesting some type of rotation up. The Briefing outlines short-term important support and resistance areas that if broken will suggest the possibility of the next greater degree move. The spread between the 2-year note and 10-year note expanded today. At some point, the Market will have to pay attention to that inversion. So far, there is still no impulsive selling.

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