We have genuinely reached a decision point, represented by the intersection of they key trendlines I’ve drawn.
It isn’t restricted to the U.S. markets, as Europe shows:
And what’s propping things up? Who else? The Fed! Remember how they announced they would just be gobbling up corporate bonds ETFs day after day? Well, they kept their word, and the charts of these instruments is about as steady as a passbook savings account from 1981:
