A Cool CPI Report Might Not Actually Be the Good News Investors Expect
Rates have gone straight up since the last cool inflation report.
The Bond Market Has Doubts About This Rally
Stocks are celebrating a softer rate outlook but the bond market is flashing warnings, oil is cranking higher, and we’re bracing for the CPI report.
Bonds Bomb (Again)
* And equity participants could care less…
New low on the day in ($TLT) (and high in bond yields).
While equities are non plussed by the weakness in bond prices — I am betting that they will be (in the fullness of time!).
Positions: None.
Someday This Will Matter
$TLT at day’s low (bond yields at day’s high).
At some point the interest-rate rise will matter to equities — hopefully in my lifetime!
Position: None
Surge of FOMO Takes Hold as AI Trade Comes Back to Life
Poor positioning and FOMO are driving this more than lower oil and rates.
IMHO: Bonds in ‘Danger Zone’
Bond prices (and yields) are entering the “danger zone.”
TLT ($TLT), another low.
As I noted earlier, the equity risk discount is growing ever wider.
Position: None.
5 Market Themes at a Crossroads as We Head Into Earnings
This is a market in transition — and how these themes unfold will determine what happens next.
Semiconductor Weakness Weighs on the Market
Biotechnology continues to benefit from rotation, but overall corrective action is gaining steam.