Markets are building pressure for a big move.
Good morning, Revesters,
It is the final trading session of the month, and markets are starting slightly lower as investors digest another round of geopolitical tension, rising oil prices, firm yields, and a stock market that continues to chop sideways.
Oil is the big mover this morning, surging more than 3% as Middle East tension starts to flare up again. Stocks are softer, bonds are lower, and yields continue to hold firm across the 5-year, 10-year, and 30-year.
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Respectfully,
Chris Vermeulen
Founder, The Technical Traders
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