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It’s clear the markets are absolutely euphoric that the election is over. Volatility has thrown in the towel; it’s been crushed.
If that weren’t enough, stocks got another dose of the good stuff from a rate cut on Thursday. (They’re cutting rates, but the economy is “solid.” Riiiiiiiiight.)
Nvidia’s on the Dow… Tesla’s on the way to Mars… Euphoria.
Know who’s not euphoric, though?
The bond vigilantes! They’re not happy. That crew has been selling like it’s going out of style, jacking up yields. That’s slacked off a little; there’s a bid out there right now, but rates are still sketchy.
Let’s talk about what that means and how we can cash in…
