No downside confirmation in ES and a small leading positive divergence right now...
As for CONTEXT, I don't have time to switch templates to our risk asset layout, but CONTEXT seems to be indicating that the risk assets they track are positively divergence and the CONTEXT ES model is higher than ES itself.
High Yield Corporate Credit is pretty much flat since the release and is holding on to a slight gain for the day.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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