Primary count is that we are in corrective Intermediate wave (4). It might take time to sort out its bottom. But then a late year rally or new year rally to take it to newer all time highs.
The top alt is of course the top is in.
The DJIA supports this view
Emergency rate cuts is in likely. The 3 and 6 month yields have already fallen below the Fed Fund target window proving that the market tells the Fed what to do. A 1/4 cut is in store perhaps within a week. I’m sure the Fed is waiting a few days to see where this is going.
