The Week Ahead: 2021-08-22

Will the Jackson Hole meeting throw a wrench in the equity rally and bond bounce?

Bonds

The idea of a lower high in bonds is alive but certainly on the back foot. I can’t pound the table for higher but acknowledge that it is very aggressive to fade without better evidence of a reversal. A very aggressive bear might take a drop under 164^26 as an early warning of a drop to test support at 162^07. Above 165^23 early in the week will lik…