1Yr broke recent highs - Long term this could be dangerous
Short rates flying (up to 1Yr #yield) Already broke previous highs
Compare to 2 (slightly lower than previous highs) & 10 $TNX (chart tells story)
#Market trading = #inflation higher vs #Fed expectation of 2%
Markets not expecting recession or lower inflation
NO soft landing - party on
But that'll mean eventual HAWKISH FED
Dilemma
#stocks or #economy, only 1
Compare to 2 (slightly lower than previous highs) & 10 $TNX (chart tells story)
#Market trading = #inflation higher vs #Fed expectation of 2%
Markets not expecting recession or lower inflation
NO soft landing - party on
But that'll mean eventual HAWKISH FED
Dilemma
#stocks or #economy, only 1