tweetkeep
🇺🇸 The hottest inflation prints since 2022 hit last week and Treasury yields FELL... which may mean the bond market is sniffing out a 1929-style bust
The 10-year spiked to 5.33% on the CPI surprise, then dropped to 5.04% within 24 hours after a producer-price number that should have sent it the other way.
George Gammon of Rebel Capitalist says that only makes sense if the long end sees demand destruction coming, and his new comparison is the one nobody wants:
"If it's a 1929, you can't see it coming because you just get that right hook from Tyson."
The Buffett Indicator sits near 245% against 130% in 1929.
Diesel is already $6 to $7 and heads toward $10 if oil reaches $140, and an economy propped up by asset prices and AI capex has no Fed put left.
George's answer for a 401(k) is a 200-day moving average and a willingness to sit in cash, because set-it-and-forget-it investing is over.
@GeorgeGammon
💬 20🔁 19
♥ 199👁 51K
Top reply · ♥ 3
aries @jayhoenist ·
↗
@MarioNawfal Falling yields after hot CPI may signal growth fear, not 1929. Both your perspective and his @KimizqSmile perspective are worth learning from.
