Midday Update: 2024-01-31

Now we see what the Fed has to say

Bonds

ZB starting the day strong as it pushes up into the next target of 122^22. The odds of this being a ‘b’ wave in progress are increasing though the alternate where this is [II] is not quite dead. The short-term trend is intact while above 121^11.

Rising in either [II] or b

Crude Oil

Crude has been under pressure overnight and into this morning which i…