The Day Ahead: AM Edition 2021-12-10
Equity indices digesting the CPI print
Bonds
ZB spiked up this morning to the initial target for a wave (II) retrace. Aggressive bears may start to try to press down from here but they need under 161^09 to feel good about it. Given the short term cycle still points higher into middle of next week where the FOMC meeting is, it may be prudent to allow to hold up another few days.
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