(USTs lean green, belly leads thanks to Germany all on light volumes)while WE slept; revised yield f'casts (higher); 'more Powell-Bell' and "Lower Risks, Higher Rates"
(USTs lean green, belly leads thanks to Germany all on light volumes)while WE slept; revised yield f'casts (higher); 'more Powell-Bell' and "Lower Risks, Higher Rates"
Good morning … SURPRISE where overnight the RBA unexpectedly hiked 25bp as “Recent data indicate that the upside risks to the inflation outlook have increased” even as “inflation… has passed its peak”. Another SURPRISE(s) from Germany where factory orders unexpectedly fell (-0.4% MoM) in April, weighing on the outlook for Europe's largest economy
Shit who cares what I've got to say on the matter, listen to DDB w/Charles Payne yesterday: "the BLS could declare that we're already in recession at ANY time now" (If I've confused the alphabet soup agencies my bad you get the point!).
understood and yea, all kinda nonsensical BUT ... always a big BUTT, listening earlier this morning to Neil Dutta of RenMAC and he's committed optimist and very convincing ... he and Riccodana were going back and forth a bit i'd LOVE tro see Dutta and Rosie in a room right now both very well spoken and a command of facts. Better might be Dutta and Eric Basmajian (EPB)
Shit who cares what I've got to say on the matter, listen to DDB w/Charles Payne yesterday: "the BLS could declare that we're already in recession at ANY time now" (If I've confused the alphabet soup agencies my bad you get the point!).
understood and yea, all kinda nonsensical BUT ... always a big BUTT, listening earlier this morning to Neil Dutta of RenMAC and he's committed optimist and very convincing ... he and Riccodana were going back and forth a bit i'd LOVE tro see Dutta and Rosie in a room right now both very well spoken and a command of facts. Better might be Dutta and Eric Basmajian (EPB)