Bonds Likely to Close the Gap

The whole world was glued to twitter waiting for an update on the trade war from President Trump. However what they received was rather anticlimactic: a tweet about saying we don't need to rush a trade deal, which was later deleted. It is likely the markets will interpret this as a risk-off event, since they were really expecting more clarification.

Currently, the Kovach Momentum Indicators suggest momentum has stagnated. Bonds are currently ranging, and are likely to drift upward, testing the upper bound of the range.