Charts I’m Watching: Jul 22, 2022

It’s another one of those mornings where ES is taking its cues from a timely VIX smackdown, erasing a modest overnight loss and promising to add to yesterday’s rally.

But, today is actually different, with the 10Y gapping lower as stocks creep higher.

It could be a delayed reaction to yesterday’s sharp selloff in oil and gas. On the other hand, it could be a sign of turbulence ahead.

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