Does It Only Get Steeper From Here?

Right, so remember on Friday when, after the latest CFTC data hit, we noted that specs were the most net long TY since 2007? And remember what we sarcastically said about that? Here's a reminder: ...if you’re the type of person who has been conditioned to believe that “smart” money positioning may be a contrarian indicator, then it might be time to short Treasurys (again). Yeah, well even if you are that "type of person," you might not be the "type of person" who trusts financial commenta