Midday Update: 2024-04-01

A soft morning in equity and bonds

Bonds

Bonds have been under pressure all morning as they drop away from possible wave two. First support is at 117^31, but if in a third, that should be relatively soft support. Lower targets at 116^11 and 115^05.

In a low degree third down

Crude Oil

Crude is advancing up into the overhead targets that I put forth late last week. Not clear to me if this is …