Technicals Help Reconcile Selling Pressure
Technicals Help Reconcile Selling Pressure
In the realm of market commentary, technicals are a vastly overused explanation for past movement, let alone for the prediction of future movement. In this week's case, however, the consolidation pattern in bond yields offers one of the only ways to understand the otherwise inexplicable selling pressure. Long story short, the weakness was just the right size and pace to complete the pattern heading into events with more power to inspire definitive reactions and lasting momentum.
Technicals Help Reconcile Selling Pressure
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Dec 08 | |||||
| 11:00AM | Nov Consumer Inflation Expectations | Nov | 3.2% | ||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
| Tuesday, Dec 09 | |||||
| 6:00AM | Nov NFIB Business Optimism Index | Nov | 98.4 | 98.2 | |
| 8:15AM | ADP Employment Change Weekly | -13.5K | |||
| 10:00AM | Sep USA JOLTS Job Openings (ml) | Sep | 7.2M | 7.227M | |
| 10:00AM | Sep JOLTs Job Quits (ml) | Sep | 3.091M | ||
| 10:00AM | Oct USA JOLTS Job Openings (ml) | Oct | |||
| 10:00AM | Oct JOLTs Job Quits (ml) | Oct | |||
| 11:30AM | 6-Week Bill Auction (%) | 3.700% | |||
| 12:00PM | WASDE Report (%) | ||||
| 12:00PM | WASDE Report (%) | ||||
| 12:00PM | WASDE Report (%) | ||||
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
