A.M. Look 7/6/23

Risk spreads show this wiggle as corrective.

It’s somewhat surprising that Gold has gained on Bonds on both sides of the Pond.

Oil/Natty spread is coming into a gap that will make Oil Bulls regret reaching for strength.

Spoo…the road map was laid out yesterday. There is no change.

Long Spoo or Nasd / short Russell is the feature.

Russell will need to sustain below the current low for another sell-off.

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