The Day Ahead: AM Edition 2021-05-07
A big miss on the NFP but equity markets up. But for how long? IMO not very
Bonds
Big spike up on the lousy NFP number but quickly reversed. That works for me as the [A] wave high that I have been looking for. Initial support at 157^25 may initiate a small bounce but expect lower while under 158^27. I’d like to see if they can make it to 156^27 before a more serious bounce attempt.
Crude Oil
CL moved lower …
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