The Day Ahead: PM Edition 2022-04-21

Hawkish Fed comments push equities lower

Apr 22, 2022

∙ Paid

Bonds

Bonds dropped a bit on Thursday which is not hardly surprising given the hawkish Fed comments today, but it is unclear if wave (IV) is complete or will need a another small bounce attempt before falling to a new low in wave (V) of [III]. Net, I expect a new low, just not confident it makes it on this try.

Not clear it makes a new low on this try

Crud…

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