I’m double parked waiting to encroach on new journeys in NYC today. Meanwhile, it appears doom encroaches on stocks, specifically because the US 10yr is soaring +8bps and the dollar is careening higher against the euro +0.8%. With oil up, it appears we have a small inflation scare again.
Stocks are somewhat tepid, down a little but not enough to instill fear. I do propose we knife lower in the afternoon. I feel it would be apropos.
I’m nearly all cash with only a 5% $LABD position. Since I’ll be out and about having so much fun, I doubt I’ll be able to really trade — seeing that I’ll be as happy as a NAFO shill beating off to HIMARS launchers.
Truthfully, markets should not think about going up with rates up. Don’t even think about buying this tape.If you enjoy the content at iBankCoin, please follow us on Twitter