Michael Boss
Michael Boss
beginning minds question
I think the big question on traders' minds now is: is this the beginning of the end? Is this the end of this long run-up?
suspect
I would suspect we'll go out with a whimper.
bottom difficult fed line market rally treasury
The bottom line is it's difficult for a Treasury market to rally when the Fed has indicated they are not done tightening.
bottom risk tolerance volatile week
The tolerance for risk is much lower. We are going to have a volatile week -- bottom line.
curve fairly firm holding nice yield
The shorter end of the U.S. yield curve is holding a fairly nice firm tone.
economy looking seems slowing
Things are still looking pretty good, and the economy seems to be slowing down, right into the Fed's hands.
heard horror market securities stories
I've heard horror stories about how illiquid the market for mortgage-backed securities is.
traders
The traders are for the most part are out. So we're just biding out time.
defensive seeing trading
We're still trading on the defensive and seeing more selling. As it appears, this second-quarter slowdown could be a mirage.