The bond market is speaking volumes about the present situation. I had been sanguine on recent events, given the collapse in inflation. HOWEVER, judging by the US 10YR soaring above 4% today, up 17bps, I am once again motivated to remind you that PAX AMERICANA, as you know it, is most certainly over.
Whilst the NASDAQ is down just 42, the small capped index is off by 1.3% in line with the Stocklabs 4000 — down 1.4%.
Listen to me very closely.
There is a fever boiling in Ukraine that isn’t exactly favorable to the alliance. WTI is up 1.3% and the Euro is down 0.9% against the dollar, suggestive that the move yesterday was nonsense and the FOMC will hike some more and soon.
With VIX barely $14 and so much fucking risk out there, the easy play here, inexorably, is to sell this shit fucking short into the ground.
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Is this the turning point? Could be, the big banks have been pumping and dumping, and walking away with cash, since a while now. AI being the narrative this go around.
“…given the collapse in inflation.”
On what planet would that be? Anyone who buys literally anything will attest to the fact that inflation isn’t falling, at least on the consumer level.
Real price inflation is going up, not down. Invest accordingly.