Safe haven buying is ignoring precious metals and piling into bonds today with the long-end notably outperforming (-6bps) today. This has compressed the yield curve even more, putting more and more pressure on the “rate-hike environment” hopers who bought banks like they were told…
This has compressed 2s30s below the “Dimon Bottom”
As Crispin Odey warned, “[The Fed] cannot save the banks now, without creating a recession, with all the consequences that has for bad loans and falls in GNP. “
Fool me three times?
Related Posts
Why isn’t smart money’s effect on crypto’s original promise discussed more?
Dollar Slides
S&P 500 And Nasdaq 100 Forecast – Tuesday, Oct. 31
AT&T kills $39bn takeover bid for T-Mobile
Israeli defense minister authorizes seizure of Hamas-tied crypto accounts- A Global Recession Is Coming… And It Won’t Be Pretty
Leave A Comment