The Truth Behind the Headlines
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Pimco Increases Gold Allocation From 10.5% To 11.5% In ...

Pimco Increases Gold Allocation From 10.5% To 11.5% In ... | The Truth Behind the Headlines | Scoop.it
Moments ago, the FOMC members formalized their opinion on where inflation is heading: "Most members continued to anticipate that, with longer-term inflation expectations stable and the existing slack in resource utilization ...


It's not like Bill Gross hasn't been vocal about what he's thought about the economy or the Fed's role in it.  He and El-Erian have both been pretty blunt about the situation.  Good to see that they are putting their money where their mouths have been.  Even the Kings of Bonds have to realize that chasing the last bit of DV01 capital gains is just being piggish after a generation of not fighting the Fed. 


As Jim Sinclair always says, the middle 60-70% of any move is what you want to capture and leave the rest on the table for the God of Greed.



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The Search for Yield Continues as the Euro Rallies and Bonds Fall | ETF Trading

The Search for Yield Continues as the Euro Rallies and Bonds Fall | ETF Trading | The Truth Behind the Headlines | Scoop.it
After Herr Draghi emphatically informed the world that they should not short the Euro (AMEX:FXE) the currency promptly sold off headed towards $1.20.  U.S.
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U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com

U.S. Treasury Rout Continues, Commodity Prices Accelerate | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

The rout in U.S. Treasuries is becoming biblical. 30 Year Bond futures dropped 1.5 points, crashing through horizontal support at 147 and 146.5 to close Wednesday afternoon’s trading at 146.01. The yield climbed to 2.91%. 10 Year Treasury yields rose to 1.80%, up 0.071%. This sell-off in Treasuries is particularly worrisome because there has not been a commensurate rise in equities. The S&P 500 (AMEX:SPY) rose just 1.60 to close at 1405.53 (0.11%). If the money is rotating out of U.S. Bonds and Securities and not flowing into U.S. equities, where is it going?


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