Tuesday, April 27, 2021

Charts of the Day: Will he? -- And -- The Setup is for Volatility

Judging by the action in bonds, tech stocks and to some extent the dollar this morning, traders are thinking that Fed chief J. Powell may indeed acknowledge rising inflation risk during tomorrow's press conference, or that there's at least enough risk that he will to place some bets, or to take some chips off the table.

10-year treasury yield today:

Nasdaq 100 Stock Index:

US Dollar Index:

The setup for tomorrow is volatility... In either direction...

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