Posted by skwan1940 on 9th of Oct 2024 at 03:02 pm
This week the
$MOVE index went to 2 std deviations
above its 200dma for the first time since early 2023 and almost a
2024 YTD high. Harley Bassman, its creator, wrote that once
that index starts getting near 150, it means the Fed is losing
control of the Treasury market (search "MOVE index" from this Luke
Gromen
interview).
Yes - what's different now is that such jump in the Move Index
usually occurs with market weakness. I guess investors would
rather own stocks than government bonds.
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This week the $MOVE index
Posted by skwan1940 on 9th of Oct 2024 at 03:02 pm
This week the $MOVE index went to 2 std deviations above its 200dma for the first time since early 2023 and almost a 2024 YTD high. Harley Bassman, its creator, wrote that once that index starts getting near 150, it means the Fed is losing control of the Treasury market (search "MOVE index" from this Luke Gromen interview).
Yes - what's different now
Posted by steve on 9th of Oct 2024 at 03:07 pm
Yes - what's different now is that such jump in the Move Index usually occurs with market weakness. I guess investors would rather own stocks than government bonds.