Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.

Day 2 of the Short-End of The Curve signaling that the Fed is on the wrong side of the Bond Market’s INFLATION and Rate Cut expectations with my Fed Front-Runner (UST 2yr Yield) signaling that those Q1 2025 Rate Cut expectations are coming #out!

Treasury Bond Vol (MOVE Index) continues to blast higher with the MOVE up another +252bps yesterday alone to an eye watering +3762bps in a month!

CHART OF THE DAY: Rate Cut Expectations Evaporating - tvol

CHART OF THE DAY: Rate Cut Expectations Evaporating - Master the Markets Email Banner


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