The spread between the monetary policy-sensitive two-year U.S. Treasury yield (US2Y) and the 10-year (US10Y) UST yield reached the deepest inversion since September 1981, as bond-market investors priced in higher-for-longer interest rates following Federal Reserve Chair Jerome Powell’s Senate testimony …
by Chicknewtosilver ” • I N F L A T I O N – FLASH (Apr 12): Year-to-year inflation continued to surge in the both the March 2022 headline Consumer Price Index (CPI-U) and the ShadowStats-Alternate CPI, with both measures hitting new …
by confoundedinterest17 Oil prices are soaring as US President Biden pleads like a homeless person to foreign countries for oil rather than let the US produce more oil to drive down prices. Meanwhile, the US Treasury yield curve 10Y-3M is at …
h/t David Stockman Rather than attempting to "justify" or dismiss valuations, it's better to accept that speculative pressures (we read via market internals) can allow enormous, temporary deviations from valuation norms over portions of the cycle. Just don't imagine those deviations …