Also, today's market generating information is telling us something. The 10Y yield is down 6bp from 1.60% to 1.54%. Why would that happen after a tightening event (i.e. tapering announcement)? Bond market is NOT forecasting inflation and it's fueling the mega tech stocks because they are long-duration bond-like proxies.
Agreed. My assessment is 2-3 months as well.
Also, today's market generating information is telling us something. The 10Y yield is down 6bp from 1.60% to 1.54%. Why would that happen after a tightening event (i.e. tapering announcement)? Bond market is NOT forecasting inflation and it's fueling the mega tech stocks because they are long-duration bond-like proxies.