we need a mean reversion inline with the fundamentals, no one dares to go long and hold more than few sessions. oil is priced in a recession and trade chaos.
...mean reversion inversion inline... Head and shoulders pattern....tea cup pattern....dat cat bouncing.... You people invent all kinds of goofy terms for past hindsight coincidence, circumstances, when nothing is really there and correlated....no wonder so many people fail Look at the greater wider picture with data, emotions, expectations, variables , points and a bit of art mixed in into the day's timeframe overall...so you loosely generally know what to expect, anticipate and seize
Bessent: bond market is telling Fed they should cut, yields then go higher by almost 100 basis points. lol
(Reuters) -Amazon.com forecast second-quarter revenue largely above Wall Street estimates on Thursday, in a reassuring sign that the world's biggest e-commerce company would navigate tariff-related uncertainty on its retail business. The company expects net sales between $159.0 billion and $164.0 billion for the current quarter, compared with analysts' average estimate of $160.91 billion, according to data compiled by LSEG.