Dead Cat Tech Bounce

Dead Cat Tech Bounce

The rebound in tech shares and other pandemic winners fizzled Wednesday, perhaps suggesting the correction in some overvalued corners of the US equity market isn't done just yet. Wednesday could have been dramatic for bonds, but mercifully, Treasurys cleared both hurdles. February's CPI print was benign and so-so metrics for a closely-watched 10-year sale were written off to a pre-auction rally. The tail was trivial compared to last month's catastrophic seven-year sale. Given the "good" news i
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2 thoughts on “Dead Cat Tech Bounce

  1. When you need ammo (still in short supply!!) will you be able to pay for it with a crypto token or a gold coin? I’d bet on the latter, but I’m old.

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