We have X but no Fed Policy Change

Yes the charts have X and gr,gr,red has occurred BUT the fed has not indicated a policy change.  And greek crisis is a one-off not required to change direction…

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Notice the rise last july followed by retreat and gain in september….

 

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tlt to fxe has not X yet.  Also seasonality indicates a change in sept for fed policy.  So TLT may rise in July and retreat after Fed meeting…to rise in september/october.

 

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