many are over indexing the importance of rate cuts while under indexing importance of 10yr yield here
low rates are great, but if inflation is hot then cuts could send the 10yr higher (this would mark the cycle top IMO)
10yr yield will be your friend for timing a top this cycle
At the heart of The Lord of the Rings is a very simple idea:
Power corrupts. Always.
Not sometimes, not just for the weak, not just for the selfish.
Everyone who touches the Ring is changed by it.
Even the good. Especially the good.