The Day Ahead: PM Edition 2021-08-05

Now we see if the NFP number propels the S&P 500 to a new high or kicks off a correction

Bonds

Not looking good for higher in ZB as it is starting to drop through support at 165^17. This invites a push for at least 164^13 and if the NFP data tomorrow morning is strong, perhaps even 163^03 on fears that the FOMC will tighten earlier than expected.

High may be set on a double top

Crude Oil

Crude bounced from just above support at 67.45 today. Pro…