The Bear Market never ended. The end of this bear market rally is rapidly approaching…….
— Win Smart, CFA (@WinfieldSmart) October 5, 2023
G, we already there…
Long-duration US TSY bonds have now lost more in % terms than stocks did during the GFC in 2008-2009
The drawdown in Vanguard Ext Duration Treasury ETF (-58.3%) now exceeds the peak-to-trough losses suffered in the S&P 500 during GFC crash (-56.0%) pic.twitter.com/QOVEUECknP
— Blake Millard, CFA (@BlakeMillardCFA) October 5, 2023
Losses are surely widespread among many institutions at this point. Certainly the BTFP facility implemented in the March bailouts is still at highs in terms of usage. https://t.co/dGfUH0AZFk
— David Sommers (@dgsommersmkts) October 5, 2023
The United Nations is essentially recommending to central banks worldwide to reconsider the 2% inflation target to prevent a full-blown recession.
The script continues to get better by the day.
What a time to be alive.
— Gold Telegraph ⚡ (@GoldTelegraph_) October 4, 2023
Financial conditions tightened the last week, due to a higher 10-year Treasury yield, lower equity prices, a stronger dollar, and higher BBB credit spreads
Accelerating Junk Bond default is coming.
We Need a Stock Market Crash to Save Treasuries — Just Like 1987
h/t mark000