At least, the small number of traders necessary to move the market are not dumb. They will understand the logic of this post. A mass ignoring of interest rates in favor of tech equity investing is not a stable equilibrium.
Could you try to give an estimate as to how much money would be necessary to move the markets? I’m not particularly familiar with the Treasuries market, but I’m not convinced that a small number of traders or even a few billion dollars per year in “smart money” could significantly change it, at least not enough to send signals separate from surrounding noise about the views.
Could you try to give an estimate as to how much money would be necessary to move the markets? I’m not particularly familiar with the Treasuries market, but I’m not convinced that a small number of traders or even a few billion dollars per year in “smart money” could significantly change it, at least not enough to send signals separate from surrounding noise about the views.