The Day Ahead: PM Edition 2022-07-14

Equities trying to climb out of the hole

Bonds

Very little to say about bonds today as they have traded in the same range for a couple days hugging 139^20. I still lean to an eventual break lower but might test overhead resist at 140^29 first.

Prefer lower eventually

Crude Oil

Happy that CL pressed lower today to test 90.00. This low could be an aggressive end to c of (a) of [ii]. There is still a…