Top Trading Ideas for Bonds in Light of NFP

5 thg 6, 2020

Bonds are getting smashed. It looks like either someone knows something we don't about Nonfarm Payrolls, or the bond market has finally excepted the risk on exuberance of the stock market. Both Kovach Momentum Indicators are solidly bearish, so avoid honey-badgering your way into a trade. The Elliott Wave suggests we should have a pullback before retracing further. However, a bumper number in NFP should be what the markets need for confirmation to propel this further.