04-28-2025 Euphoria And Dysphoria Making You "Dizzy?"

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Dizzy. We’re so dizzy. Markets are spinning, Like a whirlpool that never ends.

Contradictions fight any trend narrative except when there is short-term euphoria or dysphoria. However, with volatile volatility, technical indicators have become less reliable. Most hedging methods can work two-thirds of the time, but beware of the other third.

Will the bullish Five and Ten-year futures reverse bearish mortgages from their overreaction to global political rhetoric?

Persistently elevated volatility means a 25-bps move can happen fast.

And its yield spreads, making it spin

They’re making trends dizzy.

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Song: Dizzy (1969) Tommy Roe