S&P 500 bears didn't disappoint yesterday, remaining in control as the focus shifts to recession signs. Both ISM services PMI and non-farm payrolls employment change data continued on Tuesday's note, and the short end of the curve is reaching for fresh lows, with 10-y yield well below those .
So, make sure you're signed up for the free newsletter and that you have my Twitter profile open in a separate tab with notifications on so as to benefit from extra intraday calls.Fine show of strength in not really retreating – precious metals are digesting the emergence of recession trades coupled with oil returning back above $80, and not about to retreat really.
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