iBankCoin
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
23,329 Blog Posts

RATES FUCKING SKYROCKET

The other day when Google collapsed after earnings rates fell hard. Now with good numbers out of $AMZN and $META — rates are going bonkers to the upside, +16bps to 4.02%.

Are we really doing this? Wall Street is assessing the chances of rate cuts based upon earnings releases, based on the assumptions of the overall economy?

I’ve seen it all.

In other words, since the economy is good — the chances of a rate cut have lessened, even though inflation has been defeated and the banks are struggling to manage through the elevated rate environ.

Ok.

I sold everything in my trading this morning, after being wantonly disappointed with the action. I’m up 1%, but expected to be +3%. I took the 1% and stepped aside and now wonder if everyone else has gone crazy for continuing to bid up stocks with rates doing this.

Are you even looking at the bond market bro?

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2 comments

  1. metalleg

    Give it the weekend and we’ll see some elevator action on Monday.

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