Doesn't tell the whole story of today though - truth is that
bonds are not selling off universally. Just the long end of the
curve. We're in the process of de inverting. If it continues -
watch out....that's when the market typically experiences the most
pain in the inversion cycle. As I expected, the long end is
rising to catch the short end, not the other way around (higher for
longer is finally getting priced in).
and again guys - the charts were all lined up for a pullback
(SPX tested the top of the channel, we are out of July, we said we
expect a pullback in Aug/Sept.
again the charts were lined up, just needed a catalyst
Much of the market weakness
Posted by steveo on 2nd of Aug 2023 at 01:14 pm
Much of the market weakness can be explained by this blow off top in the USD futures
Can anybody explain why the
Posted by sethbru on 2nd of Aug 2023 at 03:05 pm
Can anybody explain why the USD is up in response to the Fitch downgrade?
I got this question so
Posted by DigiNomad on 2nd of Aug 2023 at 03:19 pm
I got this question so many times today that I can just forward how I've been responding:
credit downgrade = sell bonds = higher rates = higher dollar = lower BTC....all else remaining equal.
Doesn't tell the whole story of today though - truth is that bonds are not selling off universally. Just the long end of the curve. We're in the process of de inverting. If it continues - watch out....that's when the market typically experiences the most pain in the inversion cycle. As I expected, the long end is rising to catch the short end, not the other way around (higher for longer is finally getting priced in).
First look at Yields rising
Posted by steve on 2nd of Aug 2023 at 03:16 pm
First look at Yields rising and second look at what's unfolding in Europe and China etc with weak PMIs
and again guys - the
Posted by matt on 2nd of Aug 2023 at 03:17 pm
and again guys - the charts were all lined up for a pullback (SPX tested the top of the channel, we are out of July, we said we expect a pullback in Aug/Sept.
again the charts were lined up, just needed a catalyst
in uncertain times the US
Posted by matt on 2nd of Aug 2023 at 03:15 pm
in uncertain times the US Dollar is still the safe haven, and that downgrade caused some fear
out of the other world currencies it's still the best 'flea' on the dog