The recent bond selloff? Not surprising at all if you've been structurally bearish.
Yield curve's still flat. Nothing's breaking. This is textbook behavior for the setup we've been in.
But here's the thing — when everyone starts talking about the bond move, when it becomes consensus... that's usually when I start backing off my conviction.
Markets don't reward obvious trades. Might be time to shift from bear to neutral here.
Yield curve's still flat. Nothing's breaking. This is textbook behavior for the setup we've been in.
But here's the thing — when everyone starts talking about the bond move, when it becomes consensus... that's usually when I start backing off my conviction.
Markets don't reward obvious trades. Might be time to shift from bear to neutral here.