Payne's Perspective: November 13, 2023: Moody's Not In The Mood
It was another yo-yo week that felt inconsequential, but it was extremely helpful and informative to investors.
Handicapping the messages:
This market is ready to take off. The rally off a weak 10-year bond auction, and Friday’s rebound underscores this market is poised to surge on the right news.
There are key reports and technical hurdles I will cover in this report.
The market is also fragile, but less so than in the summer. It's not contradictory to note that in the absence of “good news,” this market will edge lower and test important support points. Lots of damage has already been done partly due to overreactions to earnings reports and non-stop fearmongering.
To read full report contact your account representative or email Info@wstreet.com.
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