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Raymond S Cheesman's avatar

Glenn with reversals like today its dangerous to write anything before 4 pm NYT

Markets seem very fragile currently

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Glenn Reynolds, CFA's avatar

Indeed. Used to that somewhat in stocks on same day, but the UST can swing day to day on the next mood swing also. Just measured in days for UST rather than hours! (or minutes) for stocks.

We are a few drones away from chaos. The seal has been broken now on "point-to-point travel" with Israel-Iran. "They started it" can move from the schoolyard to the UN. Felt like this morning was the absence of an Israeli missile strike and bombing raid. Then equites turned back to the UST curve and said "oops." Remember Feb 2018 and the 1000 point days? That was a wild ride. Curve and stocks went nuts.

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