Guavaxf3006
08-19

So was today another God-sent or the start of the meltdown some was calling for? 

What do you guys think? Shall we ear-mark today and all the comments and revisit next week? Possibly mid-week? 

Why mid-week? Because the was the time when stocks rallied to another record high after a brutal sell-off the week before.

Treasury Doubles Buyback Size — So Why Is the Bond Market Still Unimpressed?
Bessent doubled the per-operation buyback cap from $2bn to at least $4bn, with room to go further, and the 30-year briefly fell almost 10bp. It didn't hold: traders went back to what buybacks can't fix — deficits, inflation, term premium. The S&P 500 −0.87%, the Dow about 600 points lower. Next week's Jackson Hole, Warsh's debut as Chair, is now the pricing event for rates, the dollar and everything rate-sensitive. Stay long tech, rotate into rate-sensitive assets, or wait for Warsh's tone?
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Comments

  • JanetFast
    08-19
    JanetFast
    This still looks more like a healthy shakeout than the start of a meltdown, and meltdown talk already feels a bit early. Mid-week does make sense though
  • fishhhh
    08-19
    fishhhh
    Mid-week is the real test for me. Wednesday CPI decides whether this bounce is a fakeout or an actual turn
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