Posted To: MBS Commentary
Who’s to say if the next correction will be like the last correction which lasted all of 1.5 days before bonds got blasted again? But even the biggest corrections must start with appallingly short, tenuous corrections. When we have those appallingly short, tenuous corrections, technical studies move into a position where they’re “ready” for happier times. That’s neither here nor there though. Technical studies that apply some sort of math to trading levels will always be able to make a case for just about anything. Naturally, when we have a green day following a bunch of red days, some technical study will deliver the Sherlock-like conclusion about the “potential for a reversal.” In defense of technical studies though, it’s not always as simple as my crude…(read more)
Via:: MBS Day Ahead: After Another 2015 High, Rates Consider Another Correction
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