Actually, that headline is total bullshit. I am getting my carrots chopped for me today — cascading lower with real piss and vinegar. The commodity sector has been upended, likely the result of this broken elevator trading action. People view that as deflationary. As such, bonds yields continue to spike at the same time the TIPs drop in value too.
Explain that.
If rates are going up because the almighty Fed says we need to get ahead of inflation, due to a strong economy, then why the fuck aren’t inflation adjusted treasuries gaining traction with smart money?
Answer: there’s no inflation. It’s a fucking fiction.
As such, gold bugs got squashed today and I went along for the ride. My NUGT and smaller gold plays smashed to smither-fucking-reens. I’m getting my nuggets mashed with a mallet.
Also, my oil stocks: wrecked.
But that’s just small talk, isn’t it? We’re all used to easy money, grand wins, lamborghinis, perpetually rising money lines — big business scores thanks to all of the excess. This has made us into creatures, horrible people, and devils.
I speak for everyone when I say “Dear Mother Market, please give us MOAR downside and wash the landscape clean of all the irascible caitiffs who soil these markets. I pine for the days when market crashes were a regular occurrence, providing me with puzzles and intrigue to accompany my daily drama.”
Amen.
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caitiffs? – you stole that from Kimmy Un, didn’t you?
No, I stole it from this.
https://www.youtube.com/watch?v=33vf8xN_Yow
This too shall pass. The muppets will buy the dip. Just watch. We need war in ME first for the big one.
Me Too. Of Course.
#metoo
Please pray for the Turkey Gods to come early this year (like now.) I know you have direct communication with and are highly favored by our Feathered Gods.
It’s Ground Hog’s Day so you are praying to the wrong gods.
Hahahaha. Take that fuckface.
Fly,
are you still sticking with your prediction that oil will hit $100 before year end?
My nuggets are a delicacy in some cultures.
A-Fucking-Men
TIPS have just been stuck in the search 4 yield vortex.
Inflation can be seen in asset prices in the real economy & the strong dollar was masking it.
You want to look at the 5Y5Y Breakeven to get a better gauge of inflation & inflation expectations
*hint* It’s been increasing since Trump won the GOP primary.
Market looks like a very good short from here. If the fed is unwinding their asset sheet I would be too. After all everything is going great now right?