10yr Yields, CESI and the Run Up to FOMC

I could be wrong, but based on my recollection the wise guys were predicting even higher odds of a rate cut prior to this latest reading. I seem to recall rate cut probabilities for the September meeting being on the order of 10-12% higher than the current 86%. What could have changed? Well, there’s the reflationary mini-bounce in progress, shown here as manifested in the … Continue reading 10yr Yields, CESI and the Run Up to FOMC

Another View of the Global Reflationary Bounce…

Look at this chart. Does it not look similar to so many other bounce-a-thon participants right now? Now read the symbol. It’s the Yen tracker flipped over. As the Yen has pulled back within an intermediate uptrend (and it’s inverse bounces within its downtrend) the other stuff has bounced. I just think it is interesting and another marker that is logical to this moment in … Continue reading Another View of the Global Reflationary Bounce…