Earlier this month, April 5th was an odd day for financial markets. During market hours, it was interesting to behold one of the strongest single hours of the year, at the open, when the market rallied 20 handles on no real news of consequence. Sales could be seemingly filled at any price. One felt an…

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rough-seas

Since the BREXIT rebound/rip, it’s been an exceptionally stable summer. Few predicted that the unexpected BREXIT vote, would be an unequivocal positive to markets. The tell, quite clear after the fact, was the global rate plunge, and the US 10-year yield sinking to the 1.35% range, around the 4th of July. The perfect combination arose…

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