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The Selloff Was Technical, The Rally Has More To It

In the week just passed the bond market had a modest correction that, unlike it’s bearish predecessor, strikes me as being as much about data and the Fed as oversold technicals and sentiment. In other words, while the weakness of the prior couple of weeks didn’t come with any especially strong data per se, the gains in the last few days had more sustainable, fundamental, elements culminating in the CPI and Retail Sales releases after the correction was already underway. Read more from David Ader's latest musings.
The Selloff Was Technical, The Rally Has More To It
The Selloff Was Technical, The Rally Has More To It

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