It has been afforded every chance at tanking today, from zero percent Tera cap breadth to cascading energy prices tog failed starts — yet here we are in the face of all that — GAPPING UP.
SAAS, once again, was the tell — higher all day.
I traded plenty of directions today, but now, at this moment, I am fully long with cash reserves, but intent on spending it. This might be the turn.
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(Laughs) 10y yields erasing the move lower as bonds sell off now.
I love it. As soon as this bull gets up and tries to move, treasuries are all over them like a pack of well trained hounds.
This relief bounce will be dead soon. Probably lower again tomorrow.
It started with McConnel, closed door session. Before there was any public knowledge. Hooray for the system.
FWIWhttps://www.cnn.com/2021/10/06/business/goldman-debt-ceiling-miss/index.html
https://www.cnn.com/2021/10/06/business/goldman-debt-ceiling-miss/index.html
I probably screwed up the above one.