Capital market is awaiting Powell to confirm 25points cuts in September. He will not but will leave all option on the table.
Yield 2/10 is now flat and will be inverted, 2yr yield will go up & equities will dump.
Oil will follow with a sharp drop.
Key level here, if we stay in this range that would mean the market accepts the bearish turn.
Better get back in that channel quickly ... or will go down hard. level 54.2 next ?
