Is The Market Turning On The Man In The Blonde Wig?

And now, back to our regularly scheduled programming... That is, back to the incessant overanalysis of the reflation trade. A trade which, if it didn't die, at least suffered heart palpitations on Wednesday when the man in the blonde wig failed to talk about stimulating the economy at a highly anticipated press event (the first since his election if you don't count the thousands of ad hoc pressers he's held on his Twitter feed). The market rendered its verdict via a blockbuster 10Y auction sh