In today’s briefing:
- 10-Yr Treasury Yield and DXY at Key Inflection Points; $ACWI Testing $93; Energy/HC/Tech/CD Buys
10-Yr Treasury Yield and DXY at Key Inflection Points; $ACWI Testing $93; Energy/HC/Tech/CD Buys
- Global equities under pressure; we discussed in our August 3,2023 Int’l Compass how it could be the start of a ~15% pullback in $ACWI, which would put it at $84-$85.
- We also discussed how it is possible that this is a normal 3%-6% pullback to the major $93 support level (which it tested today).
- If the 10-year Treasury yield and DXY remain below their respective resistance levels, we remain buyers on this pullback to $93 on ACWI-US.
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