The Day Ahead: PM Edition 2022-02-10

Equity indices start with a head fake before getting back on track

Bonds

Bonds were heavy today with the CPI print and hawkish comments from Bullard. The alternate count is starting to look better where the move down from February 2nd would be considered the first move down from wave [II]. The credibility of the alternate increases if ZB can push under 151^06 to test 150^04 or 149^22. That alone would not prove the alte…