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Upside continuation

  • Equities are continuing to gain, Estoxx (VGU2) is through the initial resistance, and now eye 3580.2 next.
  • Emini (ESU2) is through the intraday high, and next small resistance will be seen at 3962.25.
  • This is all a continuation (cheaper money), post the Michigan inflation downward revision on Friday, of 1yr down to 5.3% from 5.4%, and 5-10y down to 3.1% from 3.3%.

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