Woah. I thought yields were meant to be at like 3% by now?! I thought we were meant to be praising the bond vigilantes for being right? I thought that we were meant to see a treasury yield curve steeper than Everest?! Clearly not.
As usual, stocks have continued their charge upwards. The NASDAQ is up 1.44% this week, the SP500 up 0.25% and the Russell is down 1.45% In currency land, it’s really been a dollar story into month end with the Greenback up 0.75%.
The market is perceiving the inflation rate over the next 10 years to be sitting at ~2.3%. This is not exactly the rabid, regime changing inflation number that you would expect really, is it? And now we can look at inflation over the longer term.
By spotting that there is a disconnect between the drivers of the 10 year and what many think is driving it (especially when SO many are focused on it being
This meeting will see the biggest test yet of the Fed's 'expectations management'. AIT is supposed to reinforce 'lower for longer' - will the dots back that up?
As we have said before... "Central Bank digital currencies are coming." Central Bank Digital Currencies - A Brave New WorldCentral bank digital currencies are coming soon enough. Will they really change everything? Does a brave new dystopia await?
I saw this on LinkedIn today... Source'Barring any severe shocks, 2021 is likely to be a year of reaccelerating growth.'Let's take this quote into a different context. Imagine it's January 14th, 2020. 'Barring any severe shocks, 2020
