The Week Ahead: 2023-11-12

CPI and PPI this week

Bonds

ZB put in an indecisive candle last week just short of the first major resistance at 117^01. I’m thinking a higher low by the next FOMC meeting in December would look good.

Now to see if the low holds

Crude Oil

The hypothesis that I put forth last week, that crude could be falling in the first leg of an ending diagonal, seems to be playing out. Some …