The 10-Year Yield

What to monitor:

• The continuation in energy/commodities is strengthening the case for a RATE HIKE in November.

• The 10-year treasury yield breaking above or staying below 4.5%

  • If >4.5%, anticipate a sharper decline in most equities/risk assets

  • If there’s a hard bid around 4.5%, energy flows could rotate back into tech.

• The UAW strikes heard on the news will only accelerate AI adoption.

• Bitcoin

Rates are breaking fresh new highs

The continuation in commodities is strengthening the case for a RATE HIKE in November.

Bitcoin.

AMD is still pretty quiet

Japan’s rates are just starting to go parabolic.

The USD has been strong.

Used car prices are still barely coming down. Dealerships are just starting to implode.

Illiquid markets: Counter-Strike skins.

Again. Here are important asset pairs to monitor.

Return always wants its risk payment. Enjoy the alpha.

Not Investment Advice, only entertainment.