Bubble Jumpers. Markets Refuse to give up Stupdity
What is a Bubble Jumper? If the Stock Bubble is not working, jump to the Bond Bubble.
As our post yesterday pointed out, there is only one market that is not inflicted with hysteria at the moment, the 3 month T-bill rate, the only market run by the FED. Whether Trump likes it or not, Powell is one of the few adults in Washington at the moment.