Midday Missive

Long end of the curve…10’s & 30’s ..Yields are still lower on the year.

2 & 5 yr Yields are higher on the year.

Engulfing Bull patterns in the U.S. rates should keep traders from selling Futures.

When Bonds are in rally mode short covering in the Currencies & Metals usually follow.

Money is still chasing returns.

Spu’s would need a close over 2573.50 for an ORH week

Nasdaq below and all the associated ETF’s have a similar pattern

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