No place to hide

Covid proxies Airlines and Hotels -4% but off worst levels of day. peculiar item for day is that 10 year and 30 year yields little changed to a touch lower, Bunds as well

5s30 Yield spread still trending higher no concerns just yet if spread is indicating end to Big Stimulus speculation or to reflation trade.i will be watching to see how this reacts Election night and this week as odds change for Control of senate

new monthly Lows Nasdaq and spoos,both show volume above 5 day Average with 3+ hours left in the trade. Every bounce is sold in Spoos a bit of volatility this close to the election,which according to bespoke investment is something rare.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.