The information in this message does not represent any financial or investment advice. They're just random thoughts in my head. gm **MACRO** - Futures are green to start the day today up 0.2-0.3% on SPX and NDQ. Interest rates continue their rally...kind of confirms my hunch the other day that positioning there is short and tbh I wouldn't be surprised to see 2Y drop back below 5% in the next couple of weeks especially if labour market data continues to be weak. 2Y is at 5.09% at the moment. The thing that is of most concern to me at the moment is the price of oil which has now shot up to $93, the highest price we've seen for a year and it's a trend that feels like it's going to continue to persist and be a problem on the inflation front (although at least this time we should see it offset by shelter).
Market Update: Wed 27th Sep
Market Update: Wed 27th Sep
Market Update: Wed 27th Sep
The information in this message does not represent any financial or investment advice. They're just random thoughts in my head. gm **MACRO** - Futures are green to start the day today up 0.2-0.3% on SPX and NDQ. Interest rates continue their rally...kind of confirms my hunch the other day that positioning there is short and tbh I wouldn't be surprised to see 2Y drop back below 5% in the next couple of weeks especially if labour market data continues to be weak. 2Y is at 5.09% at the moment. The thing that is of most concern to me at the moment is the price of oil which has now shot up to $93, the highest price we've seen for a year and it's a trend that feels like it's going to continue to persist and be a problem on the inflation front (although at least this time we should see it offset by shelter).