Wednesday has come and gone.
The long end of the curve ran short-term movements.
Trading the names and sectors has been akin to Bizarro world where everything is opposite the next day.
Not so in Coffee, Soybeans or Lumber, which are now a little extended.
Nasd/Bond weekly hit an objective which was all off the 30 Yr. side.
The daily just shows mid-week weakness, which is what you’d expect in a Bull market.
Take it a day at a time and a trade at a time.
Yra had the room focused on the Soybeans since last week on the thesis that Xi and Biden would strike a deal for U.S. crops.
It’s been nice move. Beans have been in rally mode since Friday.