FOR WEDNESDAY: (8/24) There is a key 29-year cycle that is rare peaking overnight. It has often been correlated with major world catastrophes and last time we saw it in 1986, it was connected to Chernobyl but there was a delayed reaction. For now the trade is focusing on Janet and more free money. We crunched cycles carefully and T-notes seem higher into Friday and suggest Janet will be dovish. The dollar seems clearly lower into Friday, and that correlates but will the trade be that happy to get free money for the stocks so close to 2200 on the S & P. We’re now thinking metals are lower into Monday.
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