May

13

It is interesting to note that within day and between days crude and bonds have a tremendous negative correlation. Indeed one can look at one and almost invariably come up with a great guess as to what the other one is doing. And yet…. both crude and bonds yesterday reached 5 month highs. How to reconcile??? Gilbert and Sullivan: "Things Are Seldom What They Seem".

anonymous writes: 

We may have to consider Ms. Watanabe's trio of oil, the nikkei and something that pays a little interest as well. 


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