It’s Wednesday, be patient.
Mid-Week shuffle time.
FOMC minutes this afternoon could elect some short covering in the Bonds.
TLT would need above 119 to see short covering. I’d love to get an opportunity to re short TLT in the low 121’s
AMZN was upgraded this A.M. with a 1750 PT.
I’m going to keep my vision to tech names that are non interest rate correlated.
The last few sessions have seen spreading of Long Nasd/Short Dow & S&P.
I’m expecting more of the same with the conversation moving to interest rate rises causing more of a disruption than the street expects.