We are to believe that the LARGEST asset bubble in human history will require the LEAST amount of Fed rate buffer and will be a soft landing. You have to be brain dead to believe that, hence it goes largely unquestioned.

by means of BoatSurfer600

Who’s gonna inform him….LOL %.twitter.com/p267nFZV3k

— PlungeProtectionTeam (@gamesblazer06) July 4, 2022

Commodities proceed to turn fear about a world slowdown…
Chart: ⁦@RealAlpineMacro⁩ %.twitter.com/n6hbunBwBB

— LongConvexity (@LONGCONVEXITY) July 4, 2022

“Iron ore costs have slipped for three instantly wks, w/the decline reflecting an evaporation in self belief over #China‘s financial #stimulus, which in flip threatens to hit call for for uncooked #metal within the coming mos”

However Wall Boulevard says stimulus is flowing!t.co/KGVswpLSAH

— China Beige E-book (@ChinaBeigeBook) July 4, 2022

Taking a look on the distinction between 3-month charges priced 6-month into the long run (ED2) and 18-months into the long run (ED6)

top steep steepness in 2018 was once 50bp (inexperienced circle)
In 2022 we were given to 112bp (crimson circle) %.twitter.com/sG5hQEa4Qp

— Jens Nordvig 🇩🇰🇺🇸🇺🇦 (@jnordvig) July 3, 2022