Daily Market Intelligence 3/7/23

Tuesday night is the Full Moon.

Today was run by debt, specifically the 30 Yr. Pit Bond.

Members sold the opening and exited at the gap.


I wanted to sell the high 4080’s against the 4090.50 Pit gap.
At least I was targeting the right side of the market @ a low risk level.

Spoo’s are attempting to fill their Pit gap as I write @ 4053.

Oil is a consensus long for many in the Global macro community.

You have to buy it on very hard breaks.

I doubt there will much appetite for the Long side of the Bonds or Long Equities going into Powell testimony tomorrow.

4-Week Bill Settlement

8-Week Bill Settlement

4-Month Bill Settlement

Jerome Powell Speaks
10:00 AM ET

Wholesale Inventories (Preliminary)
10:00 AM ET
4-Week Bill Announcement
11:00 AM ET
8-Week Bill Announcement
11:00 AM ET
4-Month Bill Announcement
11:00 AM ET
3-Yr Note Auction
1:00 PM ET
Consumer Credit
3:00 PM ET

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