7% Mortgage Rate Twist

So, man, dude, the markets, I'm going to tell you this.

They've been so difficult for me in the last couple of months.

I've gotten chopped up quite a bit.

I've been, you know, flipping back and forth between, you know, oils going to 125 and oils going back to 65.

And now we've got a problem in the bond market.

What do you think about that?

I mean, I'm with you.

This has been probably the toughest couple of months of my whole career.

Yeah,

literally.

Literally.

So just today, we got some hot PMIs.

Yeah.

And the bond market, literally just the trap door opened up.

And here we are at 538 on bonds and 480-something on twos.

I really struggle with this because...

Look, if you and this is true of a lot of things in trading, if you just held your nose and close your eyes and bought bonds and sold stocks and walked away for ten years, you'd probably be pretty happy, right? Like I have a lot of people telling me, like, keep the faith like bonds are actually going to outperform stocks over the next ten years, you know? Yeah.

So but in the short term, you know, days like today, the P&L just it It's brutal.

It's brutal.

So here's the thing.

Yesterday in my letter, which you should sign up for.

You should sign up for the Macro Dirt dual subscription.

You should be getting our stuff.

I wanted to get a pitch in for that right away.

Because I've been doing a lot of thinking outside the box.