The Day Ahead: PM Edition 2024-02-13
The strong CPI takes a toll on the equity indices
Bonds
Well, look at that. ZB pushed lower to just above the first target for ‘c of (b)’.
Looking at the intraday chart, this looks like a wave [III] in progress. Lower in [III] is ideal but extended in the short term. Will see if ZB will turn down from a minor bounce and push lower toward 116^15.
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