Tonight’s update also includes an update on the 30-year bond and the 10-year note, gold and silver as well as the ES and NQ. I update the picture in terms of Friday’s trade and expiration not producing any conclusions as to the upside being complete. The markets are waiting now for the CPI data to give guidance as to direction and positions. The derivatives remain in control of direction for now. I discuss upside surprises and downside surprises. I update the picture on the 30-year bond and the 10- year note and again what Tuesday’s data may produce within Treasuries. I also update the gold and silver picture which again may be diverting from each other a bit.
February 13, 2023