Futures are flat as we approach the open.
It’s a little surprising, given that the 2s10s is breaking out again.
continued for members…


EURUSD is nearly to our next upside target.
While USDJPY goes sideways…
…meaning DXY continues its slide…
…and metals continue to rally. 
Oil and gas are taking a rest.
But, the recent moves have helped drive the 10Y slightly higher, putting the 2s10s above the TL from Dec 2022.
This is a clear ratcheting up of the risks to equities.
Stay tuned…


