With
major markets on the move, today KWN is sharing a warning from one of
the legends in the business that we may be about to see a short squeeze
of epic proportions that will shock market participants.
This will be an incredibly important development if this unfolds. This is from legendary Art Cashin’s writings today:
Bond yields continue to move lower and astound most observers. In
Europe, the 10 year bund slipped below 1% and, if you wanted two year
German bonds, you had to pay them for the privilege of holding your
money. Over here, there is growing buzz (at least among stock guys)
that we are at risk of a massive short squeeze in bonds and bond
derivatives.
Here’s part of a note that I sent to some friends yesterday morning:
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