The Week Ahead: 2022-08-07

Now will see what the market thinks of the CPI this week

Bonds

Promising move down in bonds last week as traders reassess the Feds will to continue raising rates. Now to see what the CPI number comes in this week. As to pattern, I have sketched in two options here, the primary which is a standard impulse down from the high which has bonds in the late stages of wave ‘v of (i)’ down and the alternate that is wor…