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Reflation Madness! Treasury Selloff Turns Unruly As U.S. Economy Is Screeching Tea Kettle
Boy, we're really in the heat of things now.
Early Wednesday, Nomura's Charlie McElligott called Tuesday's macro "risk-off" narrative "#fakenews" on the way to noting the following about the inability of bonds to stage a convincing rally:
I found the inability for USTs to meaningfully rally rather “telling,” especially as many have been anticipating the potential for a counter-trend “squeeze” over the near-term.
He went on to suggest that the market was mispricing the risk of higher
I am waiting for renown commodities trader David Dennison to call an end to WTI over $76.
The FED is tightening, OPEC is tightening, we have procyclical tax effects. This was called months ago. The macro numbers are what anyone that is competent would have predicted long ago. This article sounds like Lou Dobbs, ie. idiotic.