First these could be quick trades, like the typical F_O_M_C knee-jerk reaction that is almost always wrong, but the CONTEXT ES model is off by over 16 points, the SPY Arb is off by -1.40.
The movement in treasuries, volatility and especially HYG, either don't make sense or they don't support this move.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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