The Day Ahead: PM Edition 2022-09-20
FOMC Eve
Bonds
ZB pressed to a new low on the year today. I would like a little lower in bonds but I don’t think you can count on it as there are enough squiggles to call this a completed impulse down from the high. To reiterate something that I mentioned before, I think we are getting close to a point where equities and bonds revert to negative correlation.
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