The Day Ahead: PM Edition 2022-05-02

Quite the U-turn late in the day in equities

Bonds

ZB initially poked a little under support at 139^11 before recovering it later in the day. Still uncertain as to whether ZB will make a new low or a higher low. Even if there is to be another low, I don’t think it will by much.

Now fighting over a higher low or new low

Crude Oil

Crude started moving lower today but bounced hard from a retest of the lo…