- T-bills to be issued by the end of Q3 drain liquidity and have an impact similar to a 25 basis point increase in benchmark rates.
- Further market extension is challenging due to possible overtightening.
- Unemployment data is a significant turning point.
- Unsatisfactory market breadth.
- Significant divergence between Nasdaq and Treasury 2-year.
Hello...
Hello everyone,
The ascent of the past few weeks driven by major tech and AI stocks is coming to an end. There may be a further rise up to 4300 S&P500 future and 15000 Nasdaq 100 future, but it won't last long. The idea is that the impasse on the US public debt has made it favorable for capital to move out of the short-term government bond market, waiting to...
