The Trump administration's rocky weekend has helped put some pressure on the dollar, and triggered a bit of risk off of buying in coupons to start the new week. His promise of higher growth, which has brought such a jar to the markets post-election, is still lacking any serious details. This has left some hedge funds who have placed big bets on higher rates a little nervous about holing these positions. CFTC data has levered funds, holding record speculative positions as institutional buy, and holders have begun to look at the big rise in rates as an opportunity to add to core long term holdings. Of course the correct view is up in the air for now awaiting new data and new political news. You can reference this week's economic calendar here. As you take notes, keep in mind that presidential tweets and news interviews might be the real driver of price action for the week and near future.
Series 3 Licensed
Senior Market Strategist
Jim began his career back in January of 1976 at the Mid America Commodity Exchange, trading grains. He moved over to the Chicago Board of Trade in 1980 and started spread trading the then-new Treasury bond contract. Jim remained a local on the CBOT floor over the next 12 years, alternating between the soybean and bond pits. In the early 1990s he made the tough decision to move off the floor in order to build a brokerage business. In 1995 he joined Lind-Waldock. Many of his earliest clients remain active traders and those longer-term relationships are the best aspect of the job. Jim holds a BA in Economics from the University of Wisconsin-Madison.