Rates, Rhetoric, & The Tapering Paradox
Via Avalon Investment & Advisory, “Either the well was very deep, or she fell very slowly, for she had plenty of time as she went down to look about her and to wonder what was going to happen next.” – Lewis Carroll,Alice’s Adventures in Wonderland / Through the Looking-Glass Tapering Paradox Over the past week…
Schizophrenic Paradox Emerges In S&P, 30Y Bond Futures
An apparent paradox is emerging in the world of futures positioning. According to the latest CFTC Commitment of Traders data, after being stuck in a tight range for much of 2020, speculative investors boosted bullish wagers on S&P emini futures to the highest level in almost two years, a that most professional investors saw the…