Lots of fundamental news could help bonds today. If we break above the shoulder of our head and shoulders pattern, we could see a meaningful movement up. If we try to break above and fail....look for a large decline.
FHFA housing index, jobless claims, Philly Fed and leading indicators are all dissapointing.. On the bright side we keep seeing some great earnings reports. Lastly, I guess nobody talks about nuclear crisis, MENA meltdown or global bust anymore...so I won't either.
Have a great day!
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