Market Selloff | No Rate Cuts? | Bitcoin vs Gold | CPI Inflation Sticky | VIX Curve

Broken Pie Chart

Derek Moore and Jay Pestrichelli, CEO of ZEGA Financial, discuss Friday’s selloff. So, was it all the readjustment of Fed rate cut expectations? Is CPI Inflation putting the Fed in a box? Michael Saylor says Bitcoin is better than Gold. The rally in Gold that everyone is sleeping on. CPI Supercore trending higher showing services not goods are the culprit. Later they examine the VIX Futures curve as the front months rise. Finally, they talk about the continued bear market due to higher rates on 10-to-30-year US Treasuries from the March 2020 all-time highs against the stock market and high yield.

Michael Saylor Bitcoin vs Gold

Market selloff reasons

High Yield bonds vs equities

CPI Supercore trending higher lately.

CPI Core vs CPI year over year

VIX futures curve and explaining difficulty in picking how to play expected rise in volatility

US 30-Year Treasuries made all-time high in March of 2020 but down -44% since

What would it take for bond holders to get to break even?

Stealth rally in Gold and comparing buying physical gold to gold ETFs GLD and GLDM

Comparing inflation outlook between Democrats, Republics, and Independents

Earnings season arrives while banks reported but talked NIM net interest margins suffering

Mentioned in this Episode

Podcast: Explaining How and Why Bonds Make or Lose Money https://open.spotify.com/episode/3AUT2DVbHfEQyJglpe70nP?si=wIFug8IfR1-sb_bX03qNHA

Previous Week’s Podcast:

Buying At All-time Highs Better? | S&P 500 Returns After Last Hike | Developed International Beats the S&P | How To Tell Whether Options Are Expensive https://podcasts.apple.com/us/podcast/buying-at-all-time-highs-better-s-p-500-returns-after/id1432836154?i=1000651729073

Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt

Derek’s new book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag

Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT

Contact Derek [e-mail]

www.zegafinancial.com