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Strategies & Market Trends : John Pitera's Market Laboratory

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sixty2nds
To: John Pitera who wrote (21152)8/6/2018 11:48:07 AM
From: humble11 Recommendation   of 33421
 
JP: That is definitely the big news of the day and, at the risk of being burned at the stake for heresy, I am suspicious. For one thing, bond SHORTS are at a record high. For another, Dimon upped his forecast from 4% to 5% and it sounds kind of frantic.

I SUSPECT that his trading desk is among those heavily short and he wants out. People like Dimon NEVER make a public statement for the benefit of the trading public. Note that the 10 year has barely budged since his dramatic 4% prediction.

The big surprise would be for the 10 year to drop to 2.5% or lower as the widely forecast inflation surge fades into history.
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