Talk About Mixed Signals

With the bond market showing US treasury yields cratering, down more than 2%, you would think we were about to enter the black hole. Yet, the $EURUSD continues to push higher, creating a weaker dollar.

China is imploding – still. Europe is imploding – still. The US is stagnating.

Commodities are running. But stocks are dropping.

This is a maddening market. Staring out my 9th floor window, I have half a mind to fling my chair through it. The passerby’s below would be so shocked, they might stop buying bonds and oil at the same time.

But probably not.