Hubris is self-evidently the lowest form of intelligence:
Deflationary fiscal and monetary policy both implemented at the end of the cycle for MAXIMUM implosion:
Chart of the week:
Log scale Fed rate (blue) with capacity utilization and payrolls (12 month rate of change):
"We can accelerate this, if necessary"
Wages with bonds
All of the gains for the past two years were from financial stocks since the election...
Stocks versus t-bonds
It's called "RISK OFF"
Hedge funds are record short treasuries: Commitment of traders 10 year treasury net speculative short positions:
And record long banks: Russell 2000 ("bank") long futures:
Volume is from the bank index ETF i.e. the one above showing all of the gains from the election were from financials...
It's called "RISK OFF"
Hedge funds are record short treasuries: Commitment of traders 10 year treasury net speculative short positions:
And record long banks: Russell 2000 ("bank") long futures:
Volume is from the bank index ETF i.e. the one above showing all of the gains from the election were from financials...
