Did they just imploded the cyclical bubble? The yield curve collapsing …. The Fed threatens to do a single rate raise 15 months from now and the market thinks the Fed did an emergency 50 bps rise yesterday.
The Fed just imploded the cyclical bubble. Peak asset values means peak credit expansion. Peak reflation. pic.twitter.com/gMSsbidB8o — Mac10 (@SuburbanDrone) June 17, 2021 Good lord, the yield curve keeps going. pic.twitter.com/pirLzmWjQY — Brian Chappatta (@BChappatta) June 17, 2021 The Fed …