David Scutt

Hot inflation is forcing markets to rethink the Fed outlook, but if rising prices eventually start crushing demand and economic activity, Treasury yields may struggle to hold these levels. At some point, higher inflation starts becoming a growth problem.

We now wait for white smoke.... [RTRS] - CHINA'S XI, TRUMP MEETING BEGINS

@88888sAccount Longs need a roll-cage

another private equity roll-up shitco returning to its natural home

Is Xi's crooked tie signalling something?

@BTC_WHEEZY Has over a trillion in reserves, so not short of ammo, but it's akin to giving it away in this environment

@Scutty Japan's tough spot!

$USDJPY Forecast: Japan’s Intervention Dilemma Deepens as Fed Outlook Shifts forex.com/en-us/news-and…

[RTRS] - YIELD ON 10-YEAR JGB RISES 2 BASIS POINTS TO 2.605%, HIGHEST SINCE MAY 1997

@JohnKicklighter Definitely if it came from S&P IMO

@Scutty I was thinking about this earlier: I wonder what the straw is that would lead Standard & Poor's to cut the United States' sovereign credit rating another step - and whether the market would pay more attention to that move than the cuts by Fitch and Moody's...

Did we just see the high for US 10Y T-note yields? $TN price action today will be important.

@dankatriley If you think it's a lie then I have zero time for you. Ta-taa!

@Scutty Not contraversial, it is a lie. You lay blame for all ills on immigration. It is one part of a complex issue and it is a bald faced lie to suggest otherwise. You know full and well that the NOM doesn't really represent true permanent migration. This is just simplistic populism.

Australians are taxed to death on productive work, then actively encouraged to take on up to 20x leverage just to buy a home, financially crippling their ability to raise families. Policy should encourage family formation, not permanent reliance on high immigration #auspol

Look at those upstream price pressures heading the way of the US consumer. Notable Fed funds futures have now effectively priced out cuts throughout this year AND next. Volumes may be pitiful that far out, but good luck to Warsh in trying to push for easier policy.

✅ CONFIRMED Kevin Warsh has been confirmed as the Chairman of the Board of Governors of the Federal Reserve System!

@dankatriley Don't think you'll find many friends with that take. What I said is hardly controversial.

@Scutty Given these views are based on the crude NOM, in minus out figure, perhaps we could stop allowing Australian citizens back into the country, and better still, make more leave. Problem fixed, as the numbers would come down.

Of course, some policies allow for 50x leverage for home purchases. All under the guise of housing “affordability”

@BrisVegasPunter I’m firmly of the view that it’s by design, across multiple governments

@Scutty 💯% Dave we all know this, and none of us can understand why they dont and wont listen!

Bearish Bias Strengthens Ahead of Trump-Xi Meeting - #GBPAUD TradingView tradingview.com/chart/GBPAUD/x…

Love how clean the price action is on Australian 3Y bond futures. Just been a relentless bear trend since November, only briefly interrupted by a string of corrective bounces. Thought we may have been embarking on the next leg lower today, but we've caught a bid $YT

@entubao Locked and loaded but yet to discharge into this frenzy

@Scutty the boy who cried shorts 😁

Might have been sparked by a misunderstanding, but the KOSPI daily is now flashing an obvious key reversal signal. Follow-through weakness today would reinforce the warning and could easily trigger forced selling given the amount of leverage in the system.