Sigmargus

Musings on rates, macro, and the occasional micro cap

[Sigmargus @Sigmargus]

LOL

[Acyn @Acyn]

A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a cabinet meeting at Camp David.

The note, photographed at 11:33 EDT, came after Reuters earlier reported the Treasury had put banks on alert for a possible U.S. intervention in the market for Japan's currency.

📸REUTERS/Daniel Heuer

[Sigmargus @Sigmargus]

@KrisAbdelmessih Rolls for me, you can drop weight on them and you don’t feel movement under your feet when lifting.

I used Tractor Supply Co horse stall mats, they’re great.

[Sigmargus @Sigmargus]

@ZaStocks Agreed, setup is most similar to a nation’s energy demand ramp. But am concerned of impact if models become more efficient over time. Thought?

[Sigmargus @Sigmargus]

@CoffeeandaMike @LukeGromen @DavidBCollum @LukeGromen, does Warsh have the votes to cut and do QT? I only see 4 doves.

[Sigmargus @Sigmargus]

@Greenbackd ty!

[Sigmargus @Sigmargus]

@kieranwgoodwin @Macronomics1 Are funds using CFOs (collateralized fund obligations) to gain liquidity?

[Sigmargus @Sigmargus]

Transitory 2.0 - here we go

[Sigmargus @Sigmargus]

@HayekAndKeynes I’d venture to say that in certain areas, defaults at 8% is wishful thinking

[Sigmargus @Sigmargus]

@AdamBScott1979 LOL

[Sigmargus @Sigmargus]

Ultimately, this will reach the Supreme Court and establish precedent for enforcing the ‘for cause’ clause…

[Anna Bower @AnnaBower]

BREAKING: Judge Cobb GRANTS Lisa Cook’s motion for a temporary restraining order to block her removal from the Board of Governors of the Federal Reserve

[Sigmargus @Sigmargus]

Insanity….

[Odd Diligence @OddDiligence]

Ouch - should never short China names

[Koyfin @KoyfinCharts]

$BYND Remember Beyond Meat?

They are down 99% since their IPO.

[Sigmargus @Sigmargus]

Pain trade is a flattener move in rates. Everyone is setup for continued steepening.

[Thomas Massie @RepThomasMassie]

Although there were some conservative wins in the budget reconciliation bill (OBBBA), I voted No on final passage because it will significantly increase U.S. budget deficits in the near term, negatively impacting all Americans through sustained inflation and high interest rates.

[Sigmargus @Sigmargus]

@svrnco @orrdavid @wjruss84 @alphaarchitect @CliffordAsness Yes. Would solve issues with ETFs as well (only showing price return).

[PiQ @PiQMarkets]

This absolutely nails it 😂😂😂

[Sigmargus @Sigmargus]

@Ksidiii @TheFlowHorse IMHO market is underpricing how stimulative this admin will be when it wants to. The tax bill may be an intro

[Sigmargus @Sigmargus]

@liensofnewyork CA is expensive and well-educated, implying higher avg age of mothers. Which is a known risk factor. Just a thought.

[Sigmargus @Sigmargus]

@liensofnewyork Agreed. But it was the speed of the move. 50bps in a week on 10s is not healthy