https://www.forexlive.com/news/us-treasury-auctions-office-16-billion-of-20-year-bonds-at-a-high-yield-of-4780-20231120/
does not confirm the lousy auction of the 30y last week
Correct.
My guess is that the FED will not start some kind of QE again before even a blind sees that we are in a deflation. Under disinflation regime - in which we are already apparently - they will go on with QT.
They just rotate between the Top 10 stocks. Today they push up Tesla. On other days Tesla down, Apple up, or Mafia siighlty down, but Amazin.bomb up huge. That‘s how they keep the thing afloat. Easy.
The problem with that "How a bear market behaves" is the lack of data series. In modern times there wre like what 5 or 6 bear markets. Thats statistically not significant. That#s why people always come up with "1929" and "1970s" analogies, cause there are no other ones. All the rest - going back to 1700s or ancient times - are for the garbage can. The data is completely unreliable. There is even lots of discussion about he Fama-French dataset and that set is bascially the basis for everyone who backtests data from the 1920s on.
I was not around in the markets in the 1970s but I know one thing for sure. "1929" analogies were all over the place. Right?
Automated buying program by Blackrock and other major ETF providers. The magic of indexing: you just gotta buy the Top 10 of big market caps and that‘s it.
if the Nifty Fifty of our time will ever fail and fall? Well, if QT and rates at 5% is not enough what is? 10% rates sure, but will we go there?
Beneath the surface it burns since almost 2 years.
Plug Power down 40%
Yesterday they missed their own outlook they gave the quarter before for the 13th time in a row, THIRTEENTH. That is fraud. Period.
Their CEO should be send to Gitmo.