(10/4/23) There's a new job opening in Congress: Speaker of the House can be filled by any US citizen. We recommend Newt Gingrich or Judge Ted Poe (likely neither want the gig). Was yesterday's market action a 'liquidation event?' JOLTS data within a downward trend; market sell off to test the 200-DMA. This is a normal correction underway; could it go lower? Homeless Pirates now the scourge of Northern California (where's Capt. Phillips?); speeding tickets, water bills, and banking. Pre-holiday Jobless Claims & a stronger JOLTS in a downward trend. Duct Tape & Bondo; Why are bond yields going up? Looking at liquidation event = $50b in one week; is something in the financial system beginning to break? Bond Yields explains; Yield & Coupons are different thing; coupons = interest rate. Girl Math vs Guy Math. There's blood all over the Bond Market; what happens next?
2:46 - Job Opening in Congress & 7:05 - Liquidation Event & Testing the 200-DMA 14:06 - Homeless Pirates, Speeding Tickets, & Banks 22:40 - Stronger JOLTS in a Downward Trend 30:05 - Duct Tape & Bondo 31:23 - Why are Bond Yields going up? 44:13 - Bond Yields Explained
