The Day Ahead: AM Edition 2021-02-23

Can the move lower in SPX help bonds climb out of the hole?

Bonds

ZB slid a little lower along a channel this morning to test 161^27 but is putting in some effort to climb out of the hole. Need to see ZB climb over 162^23 and the median line for confirmation. No surprise that I think the drop in bonds is overdone but important to get some confirmation first.

Crude Oil

Promising drop away from a new hi…

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