Jim Caron
Jim Caron
percent
It's a different story when the two-year is yielding 7 percent and the 10-year is at 6.5 percent -- those are restrictive for the economy.
believe difficulty drops given higher market rate risk yields
Given that the market is having difficulty rallying, we believe the risk is to higher yields upon a stronger-than-expected non-farm payrolls report. The unemployment rate will also be important. If it drops to 4.6 percent, then that would be very bearish.
chunk seeing strong technical took trade
Someone took a big chunk of the auction, so we are seeing strong short-covering now in very technical trade.
couple created found last markets nice support technical
I think we had a pretty nice sell-off over the last couple of days. Then, international markets found some support (overnight) and that created more of a technical correction.
belief fed growing hiking
There is a growing belief that the Fed will just keep hiking rates.