A sustained rise in inflation breakevens is the single largest threat to global risk assets. Fortunately, breakevens have turned lower recently.
"Inflation" in funding currency countries needs to go up more (or at all) to seriously threaten the FX carry trade on a permanent basis
Oil is at critical levels. Will a break higher spur the inflation required to upset risky assets?
Monthly resistance for US 10 year yields is at 4.95% - 5.0% . A break could get very, very ugly from a technical perspective
2.00 has been the sale of the century in cable for 20 years
The Bovespa is near critical levels. Will EM melt up or melt down?
And of course, the most important chart for any trader, the P/L....
1 comments:
Click here for comments2.00 has been the sale of the century in cable for 20 years
The drop off a cliff from bring ejected from ERM in Sept 92 certainly gives that impresssion and being the nice round number it is, represents a psychological milestone marker.
perhaps congress setting a 9 trillion ceiling on debt will ward off another nice round number 10.