Good morning … what did I miss? Besides the BoE just now — I’ll leave this alone until tomorrow and for now, I think I’ll study all the FOMC recaps / victory laps below “CAREFULLY” (in a way that deliberately avoids harm or errors; cautiously.) Chair Powell in his press conference,
thanks for the kind words and for stopping by / stumbling on this (and stickin' around) ... I'm glad you enjoy am still trying to figure out the reason i'm doing this. I USED to do this in effort to crystalize a process of thought and present TO those running money (PMs, traders, Treasurers etc...) and hope I could synthesize and save them time in turn, they'd transact once and awhile ... NOW it's more of therapy since i'm no longer in that 'seat' ... so far, Global Wall Street has yet to 'cancel' me and long as I get the 'recon' I'll continue to share / vent. On THAT note, as to WHO was surprised -- thing is some of the best in my former line of work -- rate strategists who constantly win BEST IN SHOW (Institutional Investor Magazine poll) had thought 10s a SCREAMING BUY ... and while i get 'IT' and am sympathetic TO something breaking am currently MORE worried 'bout high / rising prices at pump (and things like that) as well as resilient econ which have YET to 'break' ... i'm sure it will but MAYBE just have to rinse out some of the weaker handed longs...who knows maybe it's after much HIGHER rates (breaking UPWARDS) forcing Fed, Tsy back IN to markets in some way / shape / form ...?) all to be continued ... thanks again for reachin out/reading ... stay safe. -Feiss
WHAT exactly is it about yesterday's FOMC post-reaction that's even more fevered than usual? The turning of the economic cycle? DDB on Forward Guidance yesterday has a most interesting theory-that we remain in the same economic cycle that started in 2009. The upcoming 2024 elections? Oil? Hopes for the turning of the current rate cycle? More munitions & funny $$$ to fill Zelenski's Begging Bowl to the brim? All of the above?
Agree with your Comments on the 10 year.....
You have a great talent for both understanding the financial markets and investors and
being able to write such an interesting newsletter.
Very Impressive....a wealth of knowledge
Absolutely fantastic coverage of the FED Decision !!!!
Loved the opening Historical 2 year chart !!!
I have to Laugh at Wall Street, sometimes....
Everyone in the World knew it would be Higher for Longer.
Who was Surprised ???
I guess some Poor Blokes were...
Chairman Powell is hitting his Stride....
"Carefully" crafting a Financial Constraint that is exquisitely Cloudy, exquisitely Patient and with a
Pot of at the End of the Rainbow.....
He was Masterfully Vague, yet with a Velvet Touch.
Revealing just enough Information to keep everyone guessing.
Did the 10 year Yield Breakout ???
I think so.....but not going past 5%, unless we get a REAL Surprise, from Left Field.
Great commentary on the US Debt and Funding predicament.
My guess is the US Treasury will continue to have to PAY UP, in order to Sell the massive
amount of Debt Paper, they need to move...
Reading The BondBeat makes me feel like I'm on Wall Street.....
That's a great feeling !!!!!!!!!
Thanks...
thanks for the kind words and for stopping by / stumbling on this (and stickin' around) ... I'm glad you enjoy am still trying to figure out the reason i'm doing this. I USED to do this in effort to crystalize a process of thought and present TO those running money (PMs, traders, Treasurers etc...) and hope I could synthesize and save them time in turn, they'd transact once and awhile ... NOW it's more of therapy since i'm no longer in that 'seat' ... so far, Global Wall Street has yet to 'cancel' me and long as I get the 'recon' I'll continue to share / vent. On THAT note, as to WHO was surprised -- thing is some of the best in my former line of work -- rate strategists who constantly win BEST IN SHOW (Institutional Investor Magazine poll) had thought 10s a SCREAMING BUY ... and while i get 'IT' and am sympathetic TO something breaking am currently MORE worried 'bout high / rising prices at pump (and things like that) as well as resilient econ which have YET to 'break' ... i'm sure it will but MAYBE just have to rinse out some of the weaker handed longs...who knows maybe it's after much HIGHER rates (breaking UPWARDS) forcing Fed, Tsy back IN to markets in some way / shape / form ...?) all to be continued ... thanks again for reachin out/reading ... stay safe. -Feiss
WHAT exactly is it about yesterday's FOMC post-reaction that's even more fevered than usual? The turning of the economic cycle? DDB on Forward Guidance yesterday has a most interesting theory-that we remain in the same economic cycle that started in 2009. The upcoming 2024 elections? Oil? Hopes for the turning of the current rate cycle? More munitions & funny $$$ to fill Zelenski's Begging Bowl to the brim? All of the above?