Under normal circumstances I would say “what the hell” in reaction to the current movements in equity and interest rate markets, but with the elections I simply say just another day to ignore and to wait longer before taking any actions whatsoever.
As most all of you know when stocks go sharply higher–for 3 days in a row now–interest rates would generally move higher as well–but this week the 10 year treasury started the week at around .86%–rose to almost .90% yesterday and today plunged to .77%. All I can say is that there are plenty of shenanigans going on with traders and I don’t want to participate in anything for a few days.
For all I know equities will plunge tomorrow and interest rates could spike–it’s a crazy time we live in for sure.
I am not inviting political discussions here–just conveying there is no reason to be involved (beyond current holdings) in these markets for a while.