(USTs lower on light volumes)while WE slept; mid-year checkin (MS bearish stks); UST short base grows; JPOW goes TO Dead & Co show in VA this weekend...
(USTs lower on light volumes)while WE slept; mid-year checkin (MS bearish stks); UST short base grows; JPOW goes TO Dead & Co show in VA this weekend...
Good morning … I hope you had a nice weekend and enjoyed lower ‘ish gas prices while they existed as Saudi Arabia announced further voluntary oil production cut from July while OPEC+ retained 2023 targets and extended them into 2024. With ‘Earl back on the move higher, well, so to are yields but I’m sure they are completely unrelated … 10yy, DAILY:
I'm in the Uber-HARD landing camp. For all the No-Landers I suggest giving David 'Rosie' Roseburg a listen on Wealthion from last wk. In 'Rosie's' own word's, "employment's a lagging indicator, first the hours get cut, which is already happening, and next to drop are the bodies'. As in 'unemployed bodies'. Always take 'Rosie' seriously IMHO!
Powell the Dead-Head? Wow I'd have never thunk. All about Pink Floyd myself, I think the song 'Pigs' applies to all of Powell's big-bank Boss HOGS in charge. Or better yet go Black Sabbath 'War Pigs'!
I’m torn and agree re Rosie and seem to have to keep reminding myself it’s never different this time and how long and truly variable the lags of monpol are
I'm in the Uber-HARD landing camp. For all the No-Landers I suggest giving David 'Rosie' Roseburg a listen on Wealthion from last wk. In 'Rosie's' own word's, "employment's a lagging indicator, first the hours get cut, which is already happening, and next to drop are the bodies'. As in 'unemployed bodies'. Always take 'Rosie' seriously IMHO!
Powell the Dead-Head? Wow I'd have never thunk. All about Pink Floyd myself, I think the song 'Pigs' applies to all of Powell's big-bank Boss HOGS in charge. Or better yet go Black Sabbath 'War Pigs'!
I’m torn and agree re Rosie and seem to have to keep reminding myself it’s never different this time and how long and truly variable the lags of monpol are