A.M. Look 7/30/26

Month end and I’ve gotten out of step.

I will be out of office and will return Monday.

Do Stan a favor and keep today’s room invite as the room will remain open through tomorrow’s trade.

Bonds…after 3 years we’re revisiting one of the major levels on a 50 Yr. Chart.

This is the area that will run the next big Bond move. Pay attention to the spreads.

Hard assets and Equities are all trading against the Bonds with the Bonds losing.

Spoos…the trade is the Warsh ascension range with the last rally yesterday failing at that low.

Hindsight is easy but when I miss stuff like that in real time I’m stepping away for a couple of days.

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