TBT Developing into Perfect Storm
Increasingly, my work and my mind are telling me that the long TBT (rising longer term rates) position is developing into a perfect storm: stronger eco growth, a falling Dollar, rising inflationary expectations, a new Fed Head, the rocketing value of the stock market, and "POTUS the Disruptor of the status quo," all coupled with a massive rounded bottom formation in 10 year YIELD (TBT), suggest strongly that a surprising, outsized, upmove in rates is approaching...