Latest Commentary
Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History -
MBS Commentary
I hinted at this observation this morning but I will expand. The last time 10s broke through 3.00%...it was during an auction week. It just so happened that stocks rallied during that period, mostly thanks to a short squeeze. Unfortunatley the S&P failed to extend that rally after running into a cluster of technical resistance around 1110. Short...
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I suppose the first step of this scenario coming true is the "double-dip". Some folks say the deflationary spiral has already taken hold, others say we're dealing with a crisis of confidence and the underlying economy is strong. Working in the housing market I am exposed to excess amounts of negativity, but I also see evidence of a bottom...
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