The Day Ahead: PM Edition 2021-07-27

Crude holding up, equities retrace ahead of earnings

Jul 28, 2021

∙ Paid

Bonds

ZB held above the moving averages and was capped by resist at 165^07 today. I’d characterize this a biding time till the FOMC statement tomorrow which will either set a lower high and drive lower or push to a new high. The dominant cycle suggests the statement may be interpreted as hawkish if not tomorrow, by the end of the week.

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