The Day Ahead: PM Edition 2022-05-25
Equities try to come back to life but don't have an all clear yet
Bonds
ZB was trapped between 142^24 and 141^09 today. I think it is very late in (A) of [IV] but I have to acknowledge that it could extend toward 144^03 while above 141^09.
Crude Oil
So far three days of being trapped between 111.60 and 109.45. The dominant cycle favors an eventual drop under 109.45 but it does bother me that it is…
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