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BLOOMBERG Bloomberg Markets Balance Of Power July 12, 2024

On the year did not deliver perfection, so we have the big tech stocks selling off. That is a big market drag. Looking at the worst week going back to march. David but they are not buying bonds. What is that about . Abigail it is interesting they are not buying bonds, they are not looking for that haven hedge against the stock. It tells you may be investors think the text selling will be a oneweek type of thing, although a second week in a row, or it could be to your point from earlier around the fed, the ultimate buyer so it some point the fed will be back in. Not that big of a deal. Harder to look at bonds as a cross asset tell given the fact you do have the fed in their. You have the yield curve steepening. That could cause stocks to get more jumpy. It is healthy to have the yield curve steepening, but it can create gyrations. We have oil lower. Do your point they are selling everything on this friday. Guy thank you so much for that report david site you thank you so much for that r ....

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