$MOVE

The anxiety isn’t in the $VIX. It’s in the MOVE. The bond vigilantes seem like they don’t want the Fed to cut rates. But if rates aren’t cut on time, the economy could slip into deflation. While the bond vigilantes are trying to keep the Fed’s hand cold, they’re ignoring the risk of pushing the economy into a deflation pit. And deflation is not a good thing at all. The vigilantes’ hawkish stance right now contradicts the fundamentals of the economy. Ignoring the disinflation process isn’t cooling the engine, it’s breaking it. If any vigilantes are reading this message, I’d love to give them a presentation 😂 Please give this market a break already. America isn’t in inflation, it’s in a disinflation process