Seventeen releases split the Treasury curve cleanly in two, and then 43.82% of the quarter’s final session traded in sixty minutes and overwrote the lot. One of those is information. One is housekeeping.
...Seventeen releases, one timestamp, two opposite answers. The curve split down the middle, equities agreed with the inflation print, and then 43.82% of the quarter’s final session traded in sixty minutes and took every index to its low.
...57% of stocks are below the 200, Uncle Russ is off 8.1% and the S&P is still sat near all time highs. The SPX V-pattern has become a range, Bitcoin meanders, and the Premium Poppers keep paying.
...Confidence missed by 7.3 points and the front end of the curve rallied. The 20-year cheapened anyway, the 5-year moved 0, and equities took the long end’s side of the argument.
...Confidence missed by 7.3 points and job openings fell for a third month. The front end rallied, 20-year money got dearer anyway, and the 5-year refused to take a view. The index called it a 0.17% day. The Russell closed the quarter at its floor.
...Up a day, down a day, and a handful of stocks doing the lifting. SPX’s 7660 is holding for the moment, Bitcoin needs 85,000, and I’m waiting to see the logging truck.
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