So the big market news is not that the stock market is selling off again.
The big market news is that gov't bonds are selling off, too.
The US 10-yr rate is *higher* right now, and for all the wrong reasons.
There is no place to hide today. Nowhere.
The big market news is that gov't bonds are selling off, too.
The US 10-yr rate is *higher* right now, and for all the wrong reasons.
There is no place to hide today. Nowhere.
And yes, I know that bond futures higher this morning, so we're now flat with yesterday's open. But you get my point ... looking at a 10% move down in equities and bonds flat.
Gold down. Bitcoin crushed. Nowhere to hide.
