Who is buying Treasuries in a backdrop of negative real yields, where the dollar index is struggling to rise above 100, and inflation fears are mounting? JPMorgan’s Jamie Dimon said he would not touch US Treasuries with a “10-foot pole” because he thinks they are a poor investment. But the latest Treasury Internet Capital (TIC) …
Lockdown Bull Market
A lockdown bull market is an oxymoron but that is what we are experiencing. So, let’s apply the bad is good logic equations which Darren Winters devised in an attempt to make sense of a financial market out of whack. In a piece entitled, Bad is Good Logic, dated June 2019 Darren Winters explained the …