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Whip Whop Market 1/28/20


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An now, a woid from our sponsor. 

Dealers cut back their fixed income inventories ever so slightly over the past month. They also increased their hedges, but again, slightly. They are still near historical record net long positions, and still carry historic levels of leverage.

With a bulge in Treasury supply on the way, is this where the bond market might trigger them throwing up their hands and saying WTF, despite the Fed?

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Also, I have republished Thursday’s Treasury market update due to a faulty posting with  links to an earlier report. Those errors have have now been corrected. I apologize for the delay! 

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Headlines from WSE- Nothing new. 

 

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I don't recall a time where there is no news chatter about an immanent  Fed meeting until now. I can't find any mention of it on Bloomberg for cripes sake. I suppose there is something there, somewhere.  It's an amazing thing.  

Nobody who is employed in disseminating information to the general public wants to report on the glaringly obvious and their employers sure don't either.

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48 minutes ago, Jorma said:

I don't recall a time where there is no news chatter about an immanent  Fed meeting until now. I can't find any mention of it on Bloomberg for cripes sake. I suppose there is something there, somewhere.  It's an amazing thing.  

Nobody who is employed in disseminating information to the general public wants to report on the glaringly obvious and their employers sure don't either.

Not a peep nowhar. 

I don't care. 

I'm in Zadar. 

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Once the Senate show trial is wrapped up, there are a couple of questions. 

Will the American people vote to end the Republican corruption of democracy once and for all?

Will all the votes be counted? 

If they are, will the results be honored?

If they are not, what then?

On second thought, will there even be an election?  

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