@TeddyGambino I just watched every oil name dumped at the same exact time while the commodity price had not moved down at all. That’s pure algo move right there…and it didn’t happen in coal or shipping at all.
Long 10y Treasuries
Entry 1.84%, first target 1.58%, stop at 2.03%
- We are now pricing 4 hikes by Dec 2022
- Jan-Mar FOMC meetings exp. are max hawkish
- The pick-up foreign investors get in buying FX-hedged USTs is at multi-year highs
- I expect nominal growth to disappoint
needless to say, higher rates will hurt all. but in 2022 it will become more important to focus on areas where profit stability and deliverability are higher/secure. IMO that favors high over low quality and increasingly more defensive, low vol sectors.
10y Treasury yields.
Dotted line: Wall Street analysts' consensus.
Blue line: What actually happened.
Analysts now see 10y yields ending the year at 2.20%.
That's all you need to know.
$ES_F S&P futures update
price (for now) holding the bottom of this week's value area
watch 4628 for a bounce area
if not lower VPOC 4576 if bottom of value does not hold
cc $SPY $SPX #MarketWebs#VolumeAtPrice
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