CHART OF THE DAY: A Potential Surprise to Consensus Rate Shorts

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
B) The biggest net SHORT position in all of macro (CFTC futures & options contracts) remains 10yr Treasuries 

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.