HSBC Warns Of Technical Patterns Similar To October 1987Mark Melin
On a day when the CDS insurance for Deutsche Bank buckled in the short term, as pointed out on Bloomberg TV, another warning sign is apparent. Murray Gunn, head of technical analysis at HSBC, looks at trend wave trading signals and notes disturbing technical patterns between 2016 and almost the same month in 1987.
When the short end of the yield curve buckles it is interpreted as indicating heightened risk near term
Insuring . . .
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