(USTs higher, steeper, strong vol)while WE slept; "Neither a Lender Nor a Stockholder Be" -BG; "10-Year Yield Spike Doesn't Mean Stock Market Will Plummet"(StockCharts.com...?); UST supply +23% in '24
(USTs higher, steeper, strong vol)while WE slept; "Neither a Lender Nor a Stockholder Be" -BG; "10-Year Yield Spike Doesn't Mean Stock Market Will Plummet"(StockCharts.com...?); UST supply +23% in '24
Good morning … First UP a look at the move many are talkin’ about round the water cooler this morning … Momentum (stochastics, bottom panel) IS bullish and we’re only just now breaking back down into the UPTREND … read that however you’d like and as far as the data goes yesterday well … the ADP “unjolted” (Harkster) the markets yesterday … due to the fact that ADP hasn’t really ever been the precursor TO NFP it and its creators had hoped for, I’ll not spend too much time on IT (or the market’s reflex to it…). That said, there was an interesting factoid which may be of some worth,
I don't at all understand the mechanics of it, but it simply CANNOT be a coincidence that on the same day Oil-EARL (can't help but use your cool oil moniker!) is down 5%, the US Debt grows by over 300B IN A SINGLE DAY. On pace to add another trillion within a month. My man in London Mario Ineco (YT Maneco64) said today Exchange Stabaliztion Fund....
"Sliding motivation at work is yet another ominous sign 'Bidenomics'", has a simple solution, just turn the dial up to "Ramming Speed!": https://www.youtube.com/watch?v=wX4SDd4Ym4I
I don't at all understand the mechanics of it, but it simply CANNOT be a coincidence that on the same day Oil-EARL (can't help but use your cool oil moniker!) is down 5%, the US Debt grows by over 300B IN A SINGLE DAY. On pace to add another trillion within a month. My man in London Mario Ineco (YT Maneco64) said today Exchange Stabaliztion Fund....
100% with you there the irony is painful
Thanks, I'm just stoked mentioned I it first! Our parabolic debt melts my mind....
"Sliding motivation at work is yet another ominous sign 'Bidenomics'", has a simple solution, just turn the dial up to "Ramming Speed!": https://www.youtube.com/watch?v=wX4SDd4Ym4I
Fascinating Article !!!!
Extraordinary work !!!
70 T in Unrealized Bond Losses is another reason I think the FED is done.
Yes, why take the Risk in the FI Market, when I can get 5+% on MMA, almost risk free ??
I do think many PMs can't understand that Stocks and Bond are positively Correlated in an
Inflationary environment. And they are getting KILLED, performance-wise.
Can we hold the "Dam" at 5% on the 10 year ??
I hope so....
The Quantity of Gov't Paper coming in the Months and Years ahead will be,
already is MIND BLOWING !!