May 2023

Scroll down far enough on the list of Webster’s definitions of the word “consolidate,” and you’ll find “to form together into a compact mass.” Financial markets appropriated that definition long ago and have been using it to refer to the condensed mass of prices, yields, or whatever else is being measured on a chart.
Source: Kevin Litwicki MBSLIVE
Hi, My Name is Consolidation, And I Can Explain Everything

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