along with the dollar of course. 10 yr. up to 5.05%, looks like Bessent is losing the battle as the world dumps UST’s.
I’d say this could be the beginning of a market crash except the QQQ’s were up near 3.5% the last two days and barely down 1% today, so a little downtick is warranted. The bank action might be a bigger concern for the SM though.
PMI’s were uber strong today so I guess the economy is doing well, unless you’re middle class.
Regardless, the always growing, behemoth gov’t. is going to be strained by those interest payments on the debt.