Everyone hoping for "the bottom" in Bonds – again. What if it's NOT the bottom – *again*? In Bear Markets, Hope is a four-letter word. Beware.
@MacroCharts @jessefelder It could be that this behavior is not a sentiment response to price action, as the prior swings were, but a case of investors chasing higher yields, and so the sentiment message is getting trampled.
@MacroCharts Then it's another oppo to DCA. In a recession, the Fed typically chops 500bp. The long end might fall half that. 1% fall = approx 20 pts on TLT.
@MacroCharts Higher would mean equities get destroyed. YC inversion is reduced because of the long end. Would be a first, usually it's the short end. We shall see. x.com/cardanofrank/s…
@MacroCharts Higher would mean equities get destroyed. YC inversion is reduced because of the long end. Would be a first, usually it's the short end. We shall see. x.com/cardanofrank/s…
@MacroCharts Invalidation of a long scenario is pretty clear. Personally I am longing, but ready to cut if wrong.
@MacroCharts Ya we want higher yields. 10% plus please