Today's slide deck:  https://bit.ly/3vgcw2P   -

Today we look at an equity market that is in melt-up mode after key resistance fell away in major US equity indices and as tamed long US yields and a weak US dollar are adding fuel to the fire. We fail to see yields heading much lower still without indicating something rather ominous. Elsewhere, a breakdown of the movers and shakers in FX, Bunds over-correcting on growth downgrades for Germany (because of supply constraints, not weak demand), credit, and today's key data points - especially the inflation expectations part of the University of Michigan sentiment survey, which reveals interesting possible source of a seemingly strong economy with weak sentiment.  Today's pod features Althea Spinozzi on fixed income and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic