Whois buying all this MBS Junk that Fred and Wilma need to sell?
No One... absolutely not a soul.
In fact, Fred has to buy some, yeah right, it's not working out.
Balance sheet reduction (QT) remains the key metric to observe
as Fred, Wilma, and Dino went Bam Bam on the Bid recently.
Truly a modern stone-age family, this house of Flinstone.
If I recall...
The rates and market usually trend up and down with each other. Now with rates being so low for so long, the market needs to come down to meet the rates. How long far down will it go to reach the rates? Hard to say.
I wonder what this means?
It definitely correlates to the current state of the markets in the US.
Are we due for a recession?
Wide spread on the EMA ribbon suggests a reversal, as we may approach a ceiling at about 100...
When SP500 dividend yield greater than 10 Year US bond yield, stocks, in general, look cheap on a relative basis ... So as the chart suggests, in this current cycle only, when this happed lead to a long period of a recycle bull market for stocks...