When I look at the bond market right now, there’s a clear message forming and it’s louder than anything the Fed is saying publicly.
There’s stress, there’s rising yields, and there’s a point where policy mistakes can’t be hidden behind speeches anymore.
And every time we’ve seen this setup in the past, the outcome wasn’t debate it was QE.
Liquidity returns, yields drop, the dollar softens and risk assets ignite.
If the Fed really steps back in, this market won’t wait.
I’ve lived through 2020–21 when liquidity flips, everything changes fast.
This is exactly the kind of environment where the