Sep. 16 at 9:22 AM
$GOOGL $GOOG We're official on the cusp of a new regime (US 10Y closed over 5%) - so looks like even if you're a bull here, it would be wise to NOT Enter right now, and wait for the FOMC to play out.
Luckily, even after the FOMC plays out - the month offers great entry prices due to multiple mines still remaining in the loaded minefield that's september.
So apart from the initial rally (and subsequent reversal) - not much should be missed by waiting.
For the bears, I wouldn't expect this to go down below 320 in the new regime, and below 330 if the regime reverses back (US 10Y closes under 5% today).
