OTM Market Update – Greek Version
This is a snapshot of some pictures from the technical model after the past few days of Greek-related uncertainty.
The Short Term is a sell for the large and mid-cap markets, but things still look ok in the small and micro-cap elements of the market, likely due to the lack of overseas exposure. Long bonds continue to drag — the market continues to believe that rates will rise later in the year and that the Fed is serious.
