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Most people forget that bonds tend to lead stocks.

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bingo

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Jun 5Liked by Capital Flows

I like that FM: "The Mexican Peso (MXN) may be moving due to the Finance Minister's intervention to prevent further depreciation following election-related declines, reassuring investors about fiscal discipline and investment continuity. Additionally, market sentiment towards risk influences MXN performance during periods of turbulence or stability. Economic data showing unexpected slowdowns in Gross Fixed Investment post-election could also impact MXN valuation as it reflects potential legislative changes that might affect the economy negatively. Analysis of global currency returns, points to MXN movement as the main driver of the cross."

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Animals both of you hahaha

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Second question about ism 2019 and SPX, we had numbers still above 50, declining but the reading above 50 says expanding, it’s logical SPX trends higher, innit?

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50 isnt a magic number in the ISM. that is just a metric people use. There is no thing that says under 50 is contraction.

ISM doesnt set the logic for SPX to trend tho

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Speaking of bonds, 10-02 yc is kinda mean reversing since weeks (dont like this term but it says what it is) since inflation isnt a problem and recent bond auctions are showing demand, we should beginning to trend here, and duration will lead?

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I wouldnt be short duration here

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Same, bought after ISM

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