BunnyPancake
Suspended
- Joined
- Dec 23, 2005
- Messages
- 2,424
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You know what's the other sad fact?later got cpi probably just this
Everyone was too eager to pull the trigger to jump in - it was evidenced by Monday's false rally and last night.
However, everyone seems to forget the US economy is still in shambles. And now that Trump backed off from the trade war and JP Morgan even withdrew their expectation that the US will go into recession, that means Fed or Powell won't reduce interest rates liao. We're now back to focusing on US stubborn inflation, .etc.
And with the massive selling, then buying of treasury yields (especially the 10-year and 30-year), means they locked in on that high yield. Trump just made the future of US more headache with higher debt interest payments. (I honestly feel he screwed up but spin it into a win and said it is part of his negotiation tactic).
Yet, market rally maciam like everything is 100% ok (also short squeeze, of course). But lol.
Today's CPI and tomorrow's PPI should bring reality back to the table

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nice one......