The Week Ahead: 2022-10-30

FOMC week

Bonds

I’m breaking out the primary and alternate counts in bonds to two charts. I can argue that the alternate count is technically a better count as the advance from early last year to the late 2021 high is better seen as a five instead of wxy and thus work better as ‘c of (ii)’. Either way, after a short-term press down from 121^15 to either a higher l…