The Week Ahead: 2022-11-14

A little too early to claim the equity rally persists into December

Bonds

I’m monitoring these two possibilities in bonds right now. One, that the low was wave [i] and now early in a wave [ii] bounce, and two, that the low was only wave (iii) of [i] and hence in a wave (iv) bounce. Regardless of which is active, there is some resistance at 124^20 that will need to be dealt with just overhead.

The most bullish case