The Day Ahead: PM Edition 2023-04-05
Equity markets soft on recession fears
Bonds
ZB broke above the 7/8th retrace level of 133^11 this morning and made a new high on the swing up from early March. I still think this is much nearer the end of something versus the start. I still prefer treating the developing high as a wave (iv) but the alternate, that this is (a) of [ii] has similar implications in that it calls for a reversal l…
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