The Day Ahead: AM Edition 2021-06-03
Initial weakness in equity indices reversed, not clear it persists
Bonds
The news that the Federal Reserve will begin selling corporate bond holdings from June 7th brings the idea of down in [B] back to life. Resist at 156^24 held and bonds have been dropping steadily this morning. Now assuming ZB is down in a small wave III that should target 154^25 or 154^08.
Crude Oil
CL is extended but a little shor…
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