Something has broken tonight in the bond market. We are seeing a disorderly liquidation.
If I had to GUESS, the basis trade is in full unwind.
Since Friday's close to now ... the 30-year yield is up 56 bps, in three trading days.
The last time this yield rose this much in 3…
While markets are focused on tariffs another storm brewing is the US build up happening in the Middle East. Couple that with Netanyahu's visit on Monday this week - something's cooking.
Add to all this China's drills around Taiwan and their supposed fire sale of US Treasuries…
While markets are focused on tariffs another storm brewing is the US build up happening in the Middle East. Couple that with Netanyahu's visit on Monday this week - something's cooking.
Add to all this China's drills around Taiwan and their supposed fire sale of US Treasuries…
Trump reiterating just now: "If China doesn't remove it's retaliatory tariff by 12 tomorrow, US tariffs go up 50% more".
More uncertainty basically. Nibbling on the buys here - nothing too aggressive. Prepared to DCA.
$SPY $QQQ Market Internals
Per my post yesterday, looks like a gap down in the morning and a reversal underway. Lets see how the day closes.
If this script works out - now is the time for a good short term dip buy on your fav names.
$SPY $QQQ market internals 03 Apr EOD
Market internals hit capitulation levels by EOD.
Short term I think we see a quick modest bounce (similar to 03/10/13 Mar) either tomorrow (gap down and reversal) or early next week. After that who knows...
If you're invested in the US markets a few interesting talks came out the past week that I think are def worth a listen.
1. Scott Bessent on the All In Pod
2. Howard Lutnick on the All In Pod
3. Robert Lighthizer on Tucker Carlson
Will thread the links below.
My reflections:
3…
Kudos to the @canada_spends team on this excellent work.
Lots of insights here - for e.g. Interest on our Federal debt is now the 4th largest expense! https://t.co/N2lNCtGTt4
$SPY / $QQQ Market Internals
SPY holding well / Nasdaq looks strong.
The reversal underway in the markets today discounting the auto /reciprocal tariffs likely means market just wants to move higher from here and may go tag previous ATHs.
It is supported by a relatively…
$SPY / $QQQ Market Internals
SPY holding well / Nasdaq looks strong.
The reversal underway in the markets today discounting the auto /reciprocal tariffs likely means market just wants to move higher from here and may go tag previous ATHs.
It is supported by a relatively… https://t.co/nBA2j5EREh
Trump auto tariff announcement today 03/26:
- 25% tariffs on foreign made cars and trucks as well as any parts that are not made in US. Come into effect on Apr 02, not today. These are in addition to any other tariffs that may apply to these/components eg steel/aluminum.
-…
Trump auto tariff announcement today 03/26:
- 25% tariffs on foreign made cars and trucks as well as any parts that are not made in US. Come into effect on Apr 02, not today. These are in addition to any other tariffs that may apply to these/components eg steel/aluminum.
-…
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