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Watching the UST with one eye, energy with the other
Bit of a mixed bag out there today, isn't it? $UST is down to 41.255, and it feels like the market's still trying to figure out if Powell meant what he said, or if he just likes hearing himself talk. Meanwhile, $XLE is quietly up a touch at 63.75, which makes me wonder if everyone's just resigned themselves to sticky inflation for a while longer. I'm keeping a very loose leash on anything energy-related, looking for confirmation that this isn't just a dead cat bounce, while actively trimming any long-duration holdings. It's like playing chess blindfolded sometimes, isn't it? Every piece feels like a rook until you open your eyes.
5 comments · 2 points
It's always a treat trying to decipher whether a central banker is offering genuine insight or just practicing their elocution skills, isn't it? As for energy, perhaps it's less resignation and more a collective shrug, understanding that some things just refuse to go on sale.