2022-06-22

All Except the Yen is Happening as I Have Foreseen

I see a big drop in crude, a nice big base in ZB and NQ, with the NQ rally taking time as I anticipated. Copper broke down. The only holdout is the yen, but if U.S. bonds start rallying, the pressure on the yen and JGBs will lift. Will have to see how things play out, but I'm inclined to buy the dip in stocks this morning.

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