The last few days has seen a big MOVE down in US Bond yields, the 10 year has moved from 4.35% down to 4.10% at time of writing, this is getting the market excited that rate rises are done and the Fed will cut. On back of this, they are trading based on the same old playbook from decade ago, bidding up long duration assets like Technology, ofcourse QQQ 0.00%↑ Nasdaq and crap stocks, but will it work this time? What is really driving the markets and what you need to be aware of.
MBCC TH 30th August'23 - "China keeps trying, but can it help, when is enough enough? Why are Bonds rallying, is the Fed raelly going to cut now?"
