The Day Ahead: AM Edition 2021-12-14
Equity markets fear a hawkish FOMC
Bonds
An initial drop under 161^29 in ZB this morning but has been recovered. Given that the dominant cycle on this time frame is topping out and the FOMC tomorrow afternoon, it makes sense that they trade between 162^28 and 161^29. Anyone that has been trading long for the last several days should lock something in and even go flat. Tempting to fade but…
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