10 year is down to 2.447%......flight to safety at any price?
Does anyone else think it ODD....that energy and electricity, mine production goes into GDP?
Unseasonably hot summer led to more energy use and there you have most of the reasoning behind the 1.6% surprise.
A lot of the data supplied to make a point is rather not worth the paper they might print it on.
IMHO, and take it for what its worth.....I wouldn't be taking ANY unnecessary bets on long on the market in general....I feel FAIR VALUE is not in nsiffing distance to todays print.....bonds are telling us that.
D
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