HOLY SMOKES, You Won't Believe What Just Happened To Bonds

The Treasury curve continues to make escalating even decisive bull moves. It's not difficult to see why, as another global consumer company admits its having trouble selling its products and in this case to the more well-to-do segment. In addition, former Fed members are urging immediate rate cuts openly wondering if it might be too late. One neighboring central bank is waiting to find out, unleashing another cut of its own and saying there are surely more coming. Eurodollar University's Money & Macro AnalysisCNBC World’s largest luxury group LVMH slumps 4% after second-quarter revenue misshttps://www.cnbc.com/2024/07/24/worlds-largest-luxury-group-lvmh-slumps-5percent-after-reporting-revenue-miss.htmlBloomberg LVMH Shows the Luxury Sector Is in Painhttps://www.bloomberg.com/opinion/articles/2024-07-24/what-lvmh-tells-us-about-luxury-s-financial-prospectsBloomberg I Changed My Mind. The Fed Needs to Cut Rates Now.https://www.bloomberg.com/opinion/articles/2024-07-24/the-fed-needs-to-cut-interest-rates-nowWSJ Bank of Canada Cuts Policy Rate to 4.5%, Frets Over Downside Riskshttps://www.wsj.com/articles/bank-of-canada-cuts-policy-rate-to-4-5-frets-over-downside-risks-78a7a81bBank of Canada Policy Statementhttps://www.bankofcanada.ca/2024/07/fad-press-release-2024-07-24/Bank of Canada Press Conferencehttps://www.bankofcanada.ca/multimedia/press-conference-monetary-policy-report-july-2024/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU