(USTs are lower / STEEPER on light vols)while WE slept; USA still goin' strong; TIPS vs GOLD as 'flation hedge; longs doublin' down and some initiating new positions...
(USTs are lower / STEEPER on light vols)while WE slept; USA still goin' strong; TIPS vs GOLD as 'flation hedge; longs doublin' down and some initiating new positions...
Good morning … the last week of August is likely to be a calm before the storm. With many taking kids back to school and / or enjoying the last moments of summertime 2023 ‘down the shore’ or out at the Hamptons, the highlight of the week may very well be Jackson Hole (Friday, August 25th) …
Going to quote Rabobank's Mike Every (who doesn't post in ZH nearly as often as he once did), (paraphrasing): war, defense, and infrastructure spending equals-higher rates for Longer. And less ZIRP, QE, MMT". Speaking of Inflation, silvers overtaken gold of late. Some argue silver's an 'inflation' indicator like Dr. Copper now. Whether industrial or monetary, always good to have some Silver, imo. For the Werewolves if nothing else lol!
PS-I nibbled on some longer duration US Gov debt in my 401K myself last wk lol! And Lance at RIA doubled his long bond exposure, and is looking to add more!
Going to quote Rabobank's Mike Every (who doesn't post in ZH nearly as often as he once did), (paraphrasing): war, defense, and infrastructure spending equals-higher rates for Longer. And less ZIRP, QE, MMT". Speaking of Inflation, silvers overtaken gold of late. Some argue silver's an 'inflation' indicator like Dr. Copper now. Whether industrial or monetary, always good to have some Silver, imo. For the Werewolves if nothing else lol!
PS-I nibbled on some longer duration US Gov debt in my 401K myself last wk lol! And Lance at RIA doubled his long bond exposure, and is looking to add more!