The Day Ahead: AM Edition 2021-11-12
Equity indices do indeed pop up in the morning. Does it last?
Bonds
The case for a wave (IV) is under stress as ZB is poking under 161^16. I wouldn’t say it is dead yet, but the case for the alternate, that the wave iv is complete, is improving as a new low makes the recent decline look more like an impulse.
Crude Oil
CL put some stress on the support at 80.08 but is trying to push up …
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