MBCC TH 2nd Jul'24 - "US Bond curve UN-INVERTING, it matters more than the inversion ouch! Quiet market is a dangerous market!"

Everyone thought a quiet day into long holiday weekend means buy more S&P 500 (all is ok calling for 6600+ targets) ignoring what is happening in Bond markets, remember Bond and FX markets are MUCH SMARTER and REAL than Equities, the latter only follows with a time lag!