And so the holiday-shortened week comes to a close and it delivered everything that could have been reasonably expected of it.
I was told Icarus would be unleashed.
Fun with the BoJ!
“Clients and colleagues are asking if there’s a magic interest rate that’s kryptonite to stocks; is it 3.0% or 3.5% on the 10Yr Treasury?”
Well, the debate around what the number is for 10Y yields has devolved into a veritable obsession for markets at this point.
The win streak is over.
There you go. Lots of “bummers” on the horizon. So you know “savor” the moment, because…
“Right away, you’re ready to sell it.”
Funny what losing $3 trillion will do.
Boy, I’ll tell you what: you people are yanking money out of bond funds like there’s no tomorrow.
So the real drama (if there proves to be any) will come tomorrow.
Ahead of a “make or break” moment.
Farewell to Kansas.