S&P 500, Treasuries Both Approaching Crucial Junctures

The latest Macro Report from Waverley Advisors features two great technical charts which nicely per cent the trench warfare going on in both the equities and bond markets right now.

First, here are Treasuries, which have narrowed into a very tight channel:


And when it comes to the S&P, all eyes are on 1170.


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