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Market Snapshot October 27, 2021

Good Morning on this Wednesday (and best day of the week)

Bonds managed to make positive headway for a third straight trading day on Tuesday, but the gains weren’t enough to break yields below the prevailing uptrend.  That may be changing today, and that’s the sign we need that the market may have found the top of its range for now.  Any additional strength after today’s 5-yr action would offer further confirmation.

Tomorrow starts the roller coaster of news between GDP, Unemployment claims, then Friday is PCE (inflation) leading up to next week’s Fed meeting. The next week is going to be volatile, so buckle up buttercup. It’s going to be a wild ride.

Please remain safe and healthy, make today great.