James Caron
James Caron
activity books books-and-reading create event forbid god grind hear market people swing trade virtual wants
People don't want to trade ... They don't even want to hear ideas. They just want to know their books are hedged. If an event -- God forbid -- happened, the market could swing pretty hard. But this uncertainty doesn't create more activity; it (depresses) activity because no one wants to do anything. Things kind of grind to a virtual halt.
equity faith market met rebound though
Even though the equity market does rebound a little bit, it is never met with a lot of faith.
buyers growth higher japanese less margin moves net signal signifies yields
As the Nikkei moves up in price, it signifies growth in the Japanese economy. That will signal higher yields in Japan, which will make them at the margin less net buyers of U.S. Treasuries.
happening inflation premium taken
What's happening is that the inflation premium is being taken out of longer-dated securities.