Pod: Vale Old Chestnut.

The Weekend Notes:

A Fitting Tribute

The Visuals and Links:

Spot VIX (red, upper pane). MOVE (green, lower pane).

US 2-year yield minus the Fed Funds Rate.

‘2s10s’ steepening since the US election.

Long Bond futures (ZB) closed the week barely above the lows (over 5% in yield!) seen immediately prior to the announcement of the 90-day tariff pause on Wednesday. The ‘5 handle’ ‘put strike’ in 30-year yields (and 4.5% in 10-year yields) was duly noted by the 🐿️.

Dollar Index Futures. Daily Chart

S&P 500 ($SPY) / MSCI EAFE ($IEFA). Daily chart.

Music from Max Slorach. Find him at:

email: maxonsaxentertainment@gmail.com / web: maxonsax.com.au

Thanks for listening!

Squirrel Out!

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