Patrick Karim: Fed action may not prevent rising yields

Patrick Karim: Fed action may not prevent rising yields
Fed may struggle with rising yields

Patrick Karim, technical analyst at Technical Traders Ltd, highlights concerns about rising yields and the ability of the Fed and U.S. Treasury Secretary Scott Bessent to intervene effectively.

Karim suggests that even if the Fed takes action, yields may still climb, urging followers to focus on chart trends instead of prevailing narratives.

Karim has made previous calls on commodity markets, projecting a generational move for crude oil with potential price targets of $200, $300, and $400 in earlier research. He has also highlighted chart signals indicating crude oil could reach $300 per barrel, urging the financial sector to monitor developments closely in a separate analysis. These prior assessments add to his ongoing technical approach to major asset classes.

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