Todays PMI the highest since 1999 this is good news so that’s bad for the market, that’s the way we have been rolling for awhile. The news sent yields higher creating the sell off this morning, algos are set up to trade off bonds they always have the edge. The FED warned us last Wednesday it will have to raise more rates and hold longer now all of a sudden everyone is risk off with this ISM number. Bull trap? Bear trap? Let’s see how this week plays out. Tomorrow we head back to 400 close green get some side action.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
