The Day Ahead: AM Edition 2021-03-01
Equity bounce and bond retrace dominate the morning
Bonds
The failure of the equity markets to break overnight caused a retrace to start in ZB. Either the move up on Friday was the initial move up from wave iii or alternatively be a small fourth wave. I certainly favor the former but will somewhat be contingent if the equity markets move lower from the bounce later today or tomorrow. A rough support is at…
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