5-year correlation of USD/JPY v. 10y UST yield suggests 10y yield could head back toward 5%.
Problem is US can't afford Interest, Entitlements, & Cold War 2.0 at a 5% 10y w/o more USD liquidity.
Translation: Weak JPY is as much the Fed's & Treasury's problem as it is the BOJ's. pic.twitter.com/1LKDLWP1WV
— Luke Gromen (@LukeGromen) July 1, 2024
"In 1929, the Fed increased rates to 6%. The signal was clear: the stock market, as a whole, saw its value drop by 83%."
Could we see a repeat? Everyone expects the Fed to cut… $SPX $QQQ $TLT pic.twitter.com/qBehl9Si5S
— None (@Noneotherthanwe) March 4, 2024