You really need to pay attention to what the bond market is telling us right now. I am going to share with you a chart of my Risk Appetite Index, which is exclusive to The PPT. Essentially, it measures risk through price action of munis, sovereign and corporate debt. Basically, the fucking price action just wiped out 3 months of gains in one week. If you do not think that is cause for alarm, you have your head tightly stuck in your ass. Hence the term “asshat” applies to you.Twitter
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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July 7, 2020
July 3, 2019