(USTs lower on 'about average' volumes)while WE slept; "Trading Tomorrow" (always) and "The Market's Next Big Pain Trade" (in bonds...ahead of NFP...read)
(USTs lower on 'about average' volumes)while WE slept; "Trading Tomorrow" (always) and "The Market's Next Big Pain Trade" (in bonds...ahead of NFP...read)
Good morning. Overnight we heard from the Grinch, once again (as we heard similar rumblings out of the BoJ this time last year, too, if not mistaken). BOJ Ueda said they have several options on which interest rates to target when they end negative rates.
I have a little theory that Powell & Co didn't talk down the 'stonk & bond' markets recently, BECAUSE they saw something(s) in the Post BF sales data that SCARED them. Let stonks & bonds run, builds CONfidence and the ensuing Wealth Effect leads to Increased Consumer Spending, during the CRITICAL for Retail Holiday Shopping season.
But I digress it's probably just the Aliens or Avatars (does anyone really care about another Avatar movie 15 yrs later?!?). But of course, they could be just waiting for next wks FOMC; but I'm not expecting HawkTard Powell to return (DAMN!), nor an allowed 'expiration' of the BTFP next March.
I have a little theory that Powell & Co didn't talk down the 'stonk & bond' markets recently, BECAUSE they saw something(s) in the Post BF sales data that SCARED them. Let stonks & bonds run, builds CONfidence and the ensuing Wealth Effect leads to Increased Consumer Spending, during the CRITICAL for Retail Holiday Shopping season.
But I digress it's probably just the Aliens or Avatars (does anyone really care about another Avatar movie 15 yrs later?!?). But of course, they could be just waiting for next wks FOMC; but I'm not expecting HawkTard Powell to return (DAMN!), nor an allowed 'expiration' of the BTFP next March.
$150 Oil and 13% 10 yr.......safe to say, not happening soon.
Thanks for your excellent work !!!