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MANAGED FUTURES – TRADE RECOMMENDATION ACCOUNTS – AUTOMATED ALGO ACCOUNTS
Today, characteristically, was a wild first few hours of trading during key Fed speakers including the Chair and Vice-Chair. The bond market reacted very bullishly to Yellen’s initial remarks, but then in Act 2 of the morning trade, Fischer remarked that the market is correct in anticipating rates could go up as early as September. Everything reversed course upon those words. Stocks and Bonds are now down on the day, and we believe bonds will start to cascade lower, possibly to 166.
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