while WE slept; a 'textbook' bear market rally (stocks); USTs yield MORE THAN junk bonds
thebondbeat.substack.com
Good morning … equity futures DOWN (CNBC), bonds DOWN (yields UP -CNBC) all attempting to brace for impact of FOMC meeting this week. As Reuters put it (and I noted) yesterday, RATES, rates, rates … 2yy, leading the charge higher this morning SO Momentum (slow stochastics, bottom panel) remain overSOLD but that can / will happen until something changes it (FOMC?) …
while WE slept; a 'textbook' bear market rally (stocks); USTs yield MORE THAN junk bonds
while WE slept; a 'textbook' bear market…
while WE slept; a 'textbook' bear market rally (stocks); USTs yield MORE THAN junk bonds
Good morning … equity futures DOWN (CNBC), bonds DOWN (yields UP -CNBC) all attempting to brace for impact of FOMC meeting this week. As Reuters put it (and I noted) yesterday, RATES, rates, rates … 2yy, leading the charge higher this morning SO Momentum (slow stochastics, bottom panel) remain overSOLD but that can / will happen until something changes it (FOMC?) …