The Day Ahead: PM Edition 2021-10-05

Equities bounce but soft at the end of the day

Bonds

ZB coming through with the expected move lower but still not clear what the low will be. It could either be a wave (III) or wave (V) of [I] depending on how you count the drop. The cycles argue for the latter but the size of the (II) argues for a large (IV).

Pushing down in (III)

Crude Oil

Crude on fire today pushing up to 79.33. At this point, I wou…