$spx uptrend on broadening wedge is breaking pic.twitter.com/K5xZc7ErRk
— Michael J. Kramer (@MichaelMOTTCM) February 23, 2023
Interest rate expectations update:
Chances of a 50 bps rate hike in March are nearing 30%, a fresh high.
Just 3 weeks ago, this was less than 2%.
There is now a 5% chance that the Fed raises rates 100 bps by July 2023.
Rate expectations are on a straight path higher. pic.twitter.com/bmPmZfnKrs
— The Kobeissi Letter (@KobeissiLetter) February 23, 2023
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