Good morning … stock futures and bond yields RISE on heels of AAPL earnings, HOPE for banks all ahead of this mornings jobs report… Long bonds, on the other hand, simply respecting the daily RANGE Bearish momentum (stochastics crudely highlighted on bottom panel) are leaning BEARISHLY as we’ve just peaked up ABOVE 50dMA ~ 3.74% and all this set to change AFTER the data dust settles.
KRE:SPY vs Yellen/JPOW announcements (e.g., on deposit protection) would seem to be converging on one of those "psychological moments" I've heard periods of Fear, Anxiety, and "blood in the streets" give rise to.
... a couple hours later PacWest up 82% ... LOL ... a regional I rolled dice on up all of 5.49% ... oh well, that'll teach me judge a financial institution on the basis of it's "exemplary" asset management track record these days ... ;)
KRE:SPY vs Yellen/JPOW announcements (e.g., on deposit protection) would seem to be converging on one of those "psychological moments" I've heard periods of Fear, Anxiety, and "blood in the streets" give rise to.
... a couple hours later PacWest up 82% ... LOL ... a regional I rolled dice on up all of 5.49% ... oh well, that'll teach me judge a financial institution on the basis of it's "exemplary" asset management track record these days ... ;)