The Day Ahead: PM Edition 2022-08-17
Equities bounce on the FOMC minutes but sell off shortly thereafter
Bonds
I’m starting to turn slightly more bearish in the nano-picture in bonds since they are having trouble bouncing above the moving averages. They could conceivably push down from the mild retrace at 141^22 and accelerate toward 138^06. That said, I can’t rule out a better bounce attempt first.
Crude Oil
CL retested the low fr…
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