GREY:XEBEQ - Post by User
Post by
filoux004on Oct 24, 2022 9:39am
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Post# 35043296
The great cleansing
The great cleansing Last week the 10 year US bond yield hit 4.40% an 11 year high. This morning 4 18% , markets are betting that the FED and BOC will have one more agressive rate hike and then adopt a more moderate stance. Why? Simple, if they continue with an agressive stance the financial markets will dislocate into mayhem. So they rather let the inflation spiral follow its course and let consumers shift their purchasing behavior. Now that being said, the Great Cleansing has only begun, we will see many many CCAA being filed, corporate bonds across the board especily in EU are in dire straights and the condo market is in for a serious correction. Just my thoughts. Be safe long CTS numbers out Nov 8th, long RET.a steady as she goes with I believe is a major turnaround in the making. Remember they are earning 4% on their cash peace