Good morning / afternoon / evening - please choose whichever one which best describes when ever it may be that YOU are stumbling across this mornings note…
On this day in 2021, I stepped away from my seat at the so-called “adult table” on Global Wall. At the time, I wrote…
Good morning. Risk is OFF and bonds are bid and off we go into what’s certain to be another day in paradise.
Today is a bit different for me. It’s different this time.
HERE for more details including updated WEEKLY 30yy levels, a look at 5s30s …
… By the end of that day, 10s closed at 1.55% and long bonds at 1.91%—not a typo. Those levels are etched in my mind, anchors to a moment I won’t soon forget and a reminder of just how far we’ve come in only a few short years…
… I wasn’t sure where things were going then, or why. Honestly, I’m still not entirely sure why any of us end up here—you reading this, me writing it—but I like to think we’re all searching for something, and maybe we find a piece of it together.
So once again, thank you. To everyone who has helped make each day possible for me. To those who follow along, who read, who share a comment, a link, a chart—your interest is genuinely invaluable. This space will remain free, and your support, however it shows up, speaks louder than any of these words.
… THAT is all for now. Off to the day job…hope to be back at regular spammation tomorrow, which is NFP Thursday ??
I hope you are happy or at least content...
I also believe that given your knowledge and experience you could return,
at some capacity, if you wanted...
Thank you for your work on this substack...
Retirement sure is nice Happy Anniversary Steve