We’re seeing a substantial rally in treasury bonds and equity markets today–I think based either on the Bank of England moves to QE or maybe just a lot of FOMO with folks with lots of money in their accounts. No one want to miss a bottom (not that this the bottom, but no one knows).
The S&P500 is up 1.47% at this moment and the 10 year treasury yield is down 20 basis points. I’m just watching for now–can’t get too excited in a one day move.
I have minimal amounts of ‘pure cash’ in my accounts now after deploying some into short maturity CD’s and Tbills – of course the Tbills are readily sources of cash.
My accounts are up today, but only by a few steak dinners–not real ‘party’ money.