The Day Ahead: PM Edition 2022-07-28
Equity indices punishing bears
Bonds
I still can’t be excited about this bounce in bonds, in fact, the longer they hold up the more bearish I become as past September the next major infection I have an eye on is next spring. If they hold up for another month, the odds increase that the low in June was (i) and this bounce either ‘a of (ii)’ or all of ‘(ii)’. This speculation may be unn…
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