Bond revolt

[jonnyfrank]

Are we seeing a bond revolt? Perhaps people in the know seeing a Trump victory, which will be bad news for bonds ST? A 20% fall in TMF over 30 days is shocking. Insight? Anyone?

[MarkD]

LT subscribers remember the 2016 market prior to the election. TI correctly noted "this too, shall pass" and the stock market became Uber bullish after the results were in.

I would expect the bond market to overreact, allowing for big money to buy in quantity, then a recovery. I dunno if the 129 + zone for TLT is going to happen but a rally is likely imo. Fear and Greed cycle.

[SOL]

Fear and greed are the fuel big players use to drive markets up or down, allowing the dirty big players, AKA dirty rotten bastards, to buy in cheaply or cash out at a premium—always at the expense of the small investor. History reminds us that the chains of control didn’t vanish; they merely changed form. Slavery, in its overt forms, may have receded, yet in reality, a vast swath of the population was once bound to monarchs, barons, and lords, even in Europe. Today, this control takes a different shape, often masked by the 9-to-5 grind—which, once commuting and prep time are factored in, can feel more like 9-to-9.

Add to this the growth in money supply, and volatility and manipulation increase hand in hand—something we've noted repeatedly over the years. Ten years ago, this level of market pushing, both up and down, would have been far more difficult and on a smaller scale. Go back a bit further, to pre-2008, and it would have been nearly impossible. Yet here we are, as greed feeds greed, and power compounds into something absolutely horrible. And as they say, absolute power combined with unchecked greed?

What you end up with is a situation that’s both sinister and malevolent, akin to a festering cancer that must be cut. Yet, the populace remains distracted—either numbed by trivial pursuits or caught in a whirlwind of polarisation, unable or unwilling to discern the true threats at hand.

Why do you think this polarisation is so rampant? The simplest way to rob a man is to polarise the situation. By enraging and dividing him, you divert his attention to a cause that seems urgent but is ultimately inconsequential. He willingly opens his wallet, blinded by the outrage you've orchestrated, while the true architects of his despair operate in the shadows.

Regardless of the side he chooses, the outcome is predetermined and always detrimental. In the end, he’s left shattered and ruined, yet even in this turmoil, he fails to recognise the tragedy of his condition. He remains a puppet, driven by the strings of anger, unaware that his emotional outpourings- anger in this case, have been weaponized against him. Welcome to Pluto's allegory of the cave- albeit the modern version

[Budge]

Paul Tudor Jones recent interview on Squawkbox with kayfabe and Minsky Moment. "“I am getting out of fixed income. Out of the back end of fixed income. Because it’s just completely priced wrong.”:

https://www.msn.com/en-us/money/other/p ... rp#details

On the pro side PTJ is a successful hedge manager and "talks his book" and, on the con side, he is a successful hedge manager and "talks his book".

[Cinnamon]

New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July.

On a "core" basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November's 0.3% monthly gain. On an annual basis, prices rose 3.2%.

Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.

The print is the latest economic data that the Federal Reserve will consider before its next interest rate decision later this month. Stocks rallied in the wake of the report with the 10-year treasury

https://finance.yahoo.com/news/core-cpi ... 09346.html

This should be good news for Bonds and the markets, judging by today's moves in both