@DannyDayan5 Inflation including expectations really might be unanchored. Time for MOVE to move imho.

@DannyDayan5 I agree. Will be interesting to see how the MOVE index behaves today.

@DannyDayan5 Wage-price spiral risk?

@levenson_david Does the market front run the QRA with terming out the debt/deluge of duration?

@the_wote Jesse Livermore has been channeled in the markets recently imho… Little air out of mega caps and then…

@the_wote If yields rise, price sensitive domestic buyers can step in and the treasury can lead a buyback later.

@the_wote There’s also a lot of foreign money jammed up in US equity markets. Introductions of disincentives, especially with decreasing global liquidity, wouldn’t besurprising

@the_wote I agree… funding of tax cuts is key. New wild card I was startled to hear was affected and soon to be affected areas in EU targeting US debt.

@the_wote We’ll know by how Canada reacts. If there is a ‘full response’ tonight then there is chance of escalation. If the response is more muted then a chance to negotiate in the short term. Oil to Midwest and Electricity are ‘trump’ cards Canada holds.

@biancoresearch Also, starling to hear if affected and soon to be affected countries in EU coordinate pressure on US debt markets.

@DannyDayan5 Not advocating for tariffs but see a pragmatic rationale that is influencing the decision- narratives follow imo.

@DannyDayan5 Subprime auto delinquencies are rising. Overall auto loan market, I think, is only $1.5 to 2 trillion but that would have some impact on consumption in the short term.

@jpswatz Not sure if there is still a rush after its recent run. Global liquidity appears to have peaked.