Macro vulnerability still elevated. US 10Y around 5.24%, DXY near 102, Brent crude pushing $103. Yet VIX sits under 15 and equities hold firm — classic divergence.
Wednesday's CPI is the real test. That number will either confirm the resilience or crack it.
Bias: stable to modest improvement, but I'm waiting for validation before committing. PSI score still pending that CPI print.
Stay disciplined. Let the data speak before you lean in.
Wednesday's CPI is the real test. That number will either confirm the resilience or crack it.
Bias: stable to modest improvement, but I'm waiting for validation before committing. PSI score still pending that CPI print.
Stay disciplined. Let the data speak before you lean in.