(USTs bear STEEPENING o/n on long-end supply - Japan, Australia, Neth, Spain and UK)while WE slept; "If Inflation Is 3.7% And Oil Is Rising, Treasuries Can't Rally"
(USTs bear STEEPENING o/n on long-end supply - Japan, Australia, Neth, Spain and UK)while WE slept; "If Inflation Is 3.7% And Oil Is Rising, Treasuries Can't Rally"
Good morning … As bank earnings continue crossing the wires … CNBC: Goldman Sachs tops estimates on stronger-than-expected bond trading CNBC: Bank of America tops profit estimates on better-than-expected interest income BONDS and rates clearly at epicenter of it all and SO, here’s a look at the belly of the yield curve which has resumed / REMAINED within UPTREND …
Rumor has it that AI is not nearly as great or accurate as it's cracked up to be. Rumor also has it that we humans really haven't invented much since the Gilded Age. But those times were so BACKWARD, I mean OMG, they used Gold, Silver, and Copper coins. So uncivilized!
Rumor has it that AI is not nearly as great or accurate as it's cracked up to be. Rumor also has it that we humans really haven't invented much since the Gilded Age. But those times were so BACKWARD, I mean OMG, they used Gold, Silver, and Copper coins. So uncivilized!
Great, great article!!!
I agree with Harker and I agree
with your thoughts on 2024.
I hope Prof Siegel is right.
I did see a video of him explaining
that Bonds hedge many things well, but don't hedge inflation well.
Old School PMs are learning this the hard way.
Stocks or companies do have the
ability to change prices of their products, reshuffle their workforces, etc and that makes
them more adaptable to the peril
of Inflation, in the long run.
I found it interesting that Best Case
the Fed Balance Sheet will be 6T.
That is still quite a bit higher than
Per-Pandemic??? Of maybe 4T.
And that QT is worth about 50bps.
Reading your articles is like reading
Wall Street PHD paper..
It's really amazing information !!!