10 year treasury yield dipped quite a bit. I doubt the Fed doesn't cut at this point as the market seems to leading narrative they waited too long. Feels like things are setup for that soft landing but could be my rose colored glasses from my perspective in Austin..... which has undergone its own correction.
a year from now people are going to say "oh man should have bought the dip". i mean people had no trouble buying NVDA at 130 and TSLA at 250 a few weeks ago...load up then..
I guess they fixed it. Not sure how long they were down. Upped my long position in NVDA. Edit: Nah...they didn't fix it. It let me in just once. Nice to know they are reliable in a market downturn. F-ing idiots!
An admission by the Sahm rule manufacturer “Indicators of economic downturns like the Sahm rule are empirical regularities from the past, not laws of nature,” “It's not like an economic rule, where it's telling you something must happen.”
Ed Yadeni, of Y2K fame, opines that the "large extent" of this morning's selloff in US stocks is attributable to the moves in Japan, the after effect of the an unwinding of the so-called "yen carry trade" "Now, with the central bank tightening while other central banks are easing, the yen suddenly had a big move to the upside and that strength, really led to a lot of margin calls of these speculative positions," Yardeni said. "That's all coming unglued. And I think it's a lot of margin calls, and I think it's going to happen pretty quick, and the unwind should be over by the end of the week." The sell-off in US stocks also came as investors also adjusted their expectations for domestic monetary policy.
