Posted by DigiNomad on 16th of Jan 2024 at 01:29 pm
TNX - on fire. This is actually good news for the US economy
relative to the plunging rates we had last week. Maybe not if
your hopes are pinned on lower rates because you are hoping to move
or something, but plunging rates is a BAD sign...rising rates are a
sign of strength (unless the rise is tied to a Gov credit event,
which is not the case at this time).
Posted by DigiNomad on 16th of Jan 2024 at 04:01 pm
Very true - there are big crosscurrent today but I think oil is
a supply story and the rest of the commodities space is mostly
strong today (copper futures up .75%, DBA up, etc)
That said, our media is not reporting it (getting used to
censored narratives at this point) so I keep losing sight of the
fact that Europe and EEM got their asses handed to them today and
broke through some support levels. That can't be good overall.
I wonder if the Fed and Janet actively meet with the
financial news networks to discuss preferred narratives? For
example, I'm absolutely positive that JP wouldn't want to much
coverage of European woes because in economic circles they are so
worried about sentiment, expectations and contagion. If I was in
his position, I would likely call the networks and ask them
to avoid the subject. I don't like being on this side of the
censorship, but I sort of understand how it happens.
TNX - on fire. This
Posted by DigiNomad on 16th of Jan 2024 at 01:29 pm
TNX - on fire. This is actually good news for the US economy relative to the plunging rates we had last week. Maybe not if your hopes are pinned on lower rates because you are hoping to move or something, but plunging rates is a BAD sign...rising rates are a sign of strength (unless the rise is tied to a Gov credit event, which is not the case at this time).
On the contrary , falling
Posted by arun on 16th of Jan 2024 at 03:59 pm
On the contrary , falling energy prices not a good sign either.....means economy weakening ???
Very true - there are
Posted by DigiNomad on 16th of Jan 2024 at 04:01 pm
Very true - there are big crosscurrent today but I think oil is a supply story and the rest of the commodities space is mostly strong today (copper futures up .75%, DBA up, etc)
That said, our media is not reporting it (getting used to censored narratives at this point) so I keep losing sight of the fact that Europe and EEM got their asses handed to them today and broke through some support levels. That can't be good overall.
I wonder if the Fed and Janet actively meet with the financial news networks to discuss preferred narratives? For example, I'm absolutely positive that JP wouldn't want to much coverage of European woes because in economic circles they are so worried about sentiment, expectations and contagion. If I was in his position, I would likely call the networks and ask them to avoid the subject. I don't like being on this side of the censorship, but I sort of understand how it happens.
Digi well stated update with
Posted by rbreese on 16th of Jan 2024 at 01:55 pm
Digi well stated update with only other rise in rates MIGHT be fear after a terrorist attack.