Posted by DigiNomad on 24th of Aug 2022 at 11:57 am
TNX - 10 year bond yields gapped higher today and broad equity
markets moving higher also. Hmmm. Maybe it doesn't play out today,
tomorrow or this week, but this correlation will not hold up long,
IMO. Something is rotten...just have to figure out which one.
If I was just comparing charts, TNX looks more vulnerable in
the short term.
Posted by DigiNomad on 24th of Aug 2022 at 03:12 pm
Imelhoe, I'm currently leaning slightly long. But I don't
expect to be positioned this way for very long. Steves' timing
cycles have been playing out nicely so I don't want to fight
it right at this point.
TNX - 10 year bond
Posted by DigiNomad on 24th of Aug 2022 at 11:57 am
TNX - 10 year bond yields gapped higher today and broad equity markets moving higher also. Hmmm. Maybe it doesn't play out today, tomorrow or this week, but this correlation will not hold up long, IMO. Something is rotten...just have to figure out which one.
If I was just comparing charts, TNX looks more vulnerable in the short term.
TNX wins todays' round...at least
Posted by DigiNomad on 24th of Aug 2022 at 02:36 pm
TNX wins todays' round...at least so far.
HYG - holding on by
Posted by DigiNomad on 24th of Aug 2022 at 02:45 pm
HYG - holding on by a thread. I think any rallies should be sold. The FED will literally be selling it in greater size starting in just about 1 week.
I believe fed is increasing
Posted by imelhoe on 24th of Aug 2022 at 03:03 pm
I believe fed is increasing its buybacks of money supply
from 35billion to 85 billion er month but dont quote me on that exact stat
Yes, by decreasing their balance
Posted by DigiNomad on 24th of Aug 2022 at 03:05 pm
Yes, by decreasing their balance sheet / selling assets....to include direct sales of HYG, etc.
So risk off, i have
Posted by imelhoe on 24th of Aug 2022 at 03:10 pm
So risk off, i have 4080 es as line in sand
Imelhoe, I'm currently leaning slightly
Posted by DigiNomad on 24th of Aug 2022 at 03:12 pm
Imelhoe, I'm currently leaning slightly long. But I don't expect to be positioned this way for very long. Steves' timing cycles have been playing out nicely so I don't want to fight it right at this point.
yes, got it and its
Posted by imelhoe on 24th of Aug 2022 at 03:32 pm
yes, got it and its pingpongin between levels. Thanks; my hedges are holding up well