10YY is back at Dec 2022 high, yet S&P is far from Dec 2022 low.
100Y has broken out above resistance. The dollar continues to show strength.
No doubt, there is bound to be a market retracement coming up. If you FOMO during the last week, you may want to trim some long positions.
The next question is, will a new higher low be created?
There are 2...
US markets are treading water on Monday morning, ahead of the US cash open, but the Nasdaq is seeing some pressure amid another surge in the 10Y yield back toward the 1.61% level. The Biden Administration has successfully won the Senate vote on the $1.9T stimulus package, which should now see the bill go back to the house for final senate approved changes, and...
A surprisingly dovish Powell just disappointed his loyal followers, with a beat around the bush response to the seemingly out of control long end of the curve, and made zero mention of the upcoming SLR exemption. If banks don't get an extension on this, they're going to have to sell treasuries to cover the reserve requirement. 2% here we come!
