Louise Purtle
Louise Purtle
distress pain
You can see the distress in the market. It's in as much pain as it ever has been.
against appears background bond concerns continued economic energy evidence growth high inflation low quickly rates rising tempered yields
Concerns about inflation are well tempered by concerns about how quickly economic growth will be undermined by rising rates against a background of continued high energy prices. When the evidence of that appears in the numbers, the bond market's low long-end yields will look justified.
break continued declines external fear gone period shock trading
You've gone into this period where you're trading into this vortex. You're trading on fear. If you see continued declines like this it will need some external shock to break the pattern.