Midday Missive

Equity/Bond spread keeps on going led by the treasuries.
I’m not looking for much of any trade in the Indices, although I’d imagine the
Bears will come out of hiding today to give it a go after London’s close.
This would be the wrong time of day for a break to sustain in a bull market.
Spu’s..
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Stock rotation is into the metals and mining companies and energy names.
APC,CXO,SLB ect.
Bunds held their past 2 qtrly pivots. It will take new closing price action under 165.30 for lower.
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