The Day Ahead: PM Edition 2021-10-11
Will the trouble in the Chinese property market derail the US equity rise?
Bonds
ZB dropped briefly under the 157^17 support today but recovered by the end of the day. At a minimum, I think this is a wave (III) low and due for a wave (IV) bounce. Perhaps a choppy bounce into the next FOMC meeting early in November which is compatible with the fast cycle. Initial resist at 159^00 and the ideal wave (IV) target at 159^31.
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