My sources says Trump will be on CNBC starting at at 8 AM in 11 minutes. Didn't know he got up that early, but let's see...
He's going to cut tariffs by 1500% (Nah, he just insisted that the BLS data was totally rigged). This market totally ignores any negative news... it starts to remind me of 2008 https://www.cnbc.com/2025/08/05/tru...-to-be-fed-chair-but-4-others-in-running.html (Bessent too sane to accept Fed chair under Trump )
I’m a little surprised the bond mkt hasn’t rebelled with knowing that Trump will be manipulating all Econ data in the future . If rates sky with there disapproval of what Trumps doing then he will stop . Only big asset price declines can change Trumps actions
Just go with the flow. The Norwegian Pension Fund is buying en masse. Seems like news in a few or a random Trump tweet is the only thing which can save the bears this week.
If those news items doesn't depress the markets - this could squeeze further to 6400 or more as soon as today.
OK, but he's threatening India with 50% tariffs and ISM services just printed border-line recession (50.1)
bought few zb at 112, now up 4k a contract. 5% on 30y is a mental hurdle, it is bad data but it is also beyond taco.