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Opex Day Fireworks -- It May Not Work The Way Pundits Expect; We Still See Lower Yields And Equities Next Week

Sep. 17, 2021 10:18 AM ET2 Comments
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SEPTEMBER 17, 2021


Our favorite bond yield model suggest yields will be lower until the week of September 27.

The same outlook provided by the TGA-centric bond yield model -- low point of September 27.

This is our translation of the yield moves with intraday highe frequency changes.

Falling yields and equities by early next week -- followed by a recovery with more decline forthcoming going to the month-end.

Corr Coef model shows intermediate trough on September 21/22, followed by equity recovery.

YM - At worst, a retest of the recent highs going into the OpEx, then lower into early next week.

ES - A possible retest of the recent highs going into the OpEx, then lower into early next week.

RTY - Not so much upside for RTY as yields continued higher

Note: We will provide further updates, as we approach OpEx -- but given the liquidity situation, we should still see lower lows NY closes next week.

And yes, we are massively short the equity market.


Good luck!!

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