Editor's Note: Below is an excerpt and chart from today's Early Look.
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Dollar Up, Rates Up, Stocks Up. Yep, that all made sense. So does the UST 10yr Yield signaling lower-highs within that Bullish @Hedgeye TREND. Why? A) We should be getting our 1st Reflation Rollover data point via headline inflation (US CPI) tomorrow I wouldn’t be surprised if the US Dollar corrects again on inflation expectations correcting. Essentially, what made rates rip higher was the SEP17-JAN18 reflations in big macro factors like Oil and base metals don’t forget. They’re all signaling lower-highs in my process now. |
