The Day Ahead: PM Edition 2023-10-18

Initial jobless claims, Philly Fed manufacturing index, Fed speakers on Thursday

Bonds

ZB has elected to treat the October 12th high as a [IV] which makes the current drop late in wave [V], specifically (III) of [V]. Next targets for (III) at 108^15 and 107^09.

Extending lower in v of (v) of [i or a]