Market in Consolidation Mode
As we discussed in today's Morning Call, the convergence between support and resistance levels creates a lot of back and forth trading action. Not helping are the nervous nellies who are now focused on every bond auction for a reason to potentially call the rally officially over. Not so fast. Rates are still well below last year's levels and we will need more than a few ticks in bonds to derail this market.
- 2117 reads