16 replies to this topic

[MikeyG]

Yields are ripping and banks are holding zombie low yield paper. 

 

Watch out below if this doesn't turnaround. 

 

Long Bitcoin here and started to dip the toe in short last night. 

[MikeyG]

5 to 1 declining to advancing, accelerating here. 

[MikeyG]

10 year yield pushing toward 4.15%, MRP less than 1%, the lowest since 2003.

Edited by MikeyG, 03 August 2023 - 07:17 AM.

[MikeyG]

Hard landing is back on the table if yields keep rising...

[MikeyG]

4450 area is the magnet, then maybe 4250 area depending on how it looks...

[MikeyG]

AAPL earnings are not impressive at all...

 

Looks quite overvalued here

Edited by MikeyG, 03 August 2023 - 03:46 PM.

[Rogerdodger]

Gold, silver weaker amid surging U.S. Treasury yields

Kitco:

The surprise downgrade of the U.S. government’s credit rating by Fitch has cast a pall over what was a generally upbeat summertime marketplace. The Fitch downgrade came amid no major changes in U.S. government policies or actions recently, but instead appears to be a recognition by Fitch of the bitter partisanship among lawmakers, including over raising the U.S. debt ceiling, in recent years. Some argue the Fitch news is just an excuse for the U.S. stock indexes to see downside corrections after recent good gains. As for rising bond yields this week, the Treasury yields have actually been trending higher (prices lower) since March. However, bond yields have accelerated their rise the past two days. JP Morgan chief Jamie Dimon, when asked about the significance of the Fitch credit downgrade to the U.S., replied that it did not mean much and that the true judge of U.S. creditworthiness is the markets.

 

Traders are awaiting the U.S. data point of the week on Friday: the U.S. employment situation report for July. The key non-farm payrolls number is expected to come in at up 200,000 jobs, compared to a rise of 209,000 in the June report.

Edited by Rogerdodger, 03 August 2023 - 05:16 PM.

[linrom1]

DXY;Gold and rates. One of these is not like the others.

[MikeyG]

Bonds are rallying here, I think the economy is weaker than expected and wouldn't be suprised to see a cut by the end of the year...

[MDurkin]

Bonds are rallying here, I think the economy is weaker than expected and wouldn't be suprised to see a cut by the end of the year...

2000 Fed paused at 6.50 for 8 months before cutting January 2001. 2006 Fed paused at 5.25 for 15 months before cutting Sept 2007. First is the pause- has it happened yet?

Edited by MDurkin, 04 August 2023 - 09:58 AM.