each 10-point increase in the MOVE Index basically leads to subsequently a $28 billion increase in Treasury buybacks. So there's a direct correlation. It seems as if the Treasury is directly targeting the MOVE index. It wants bond volatility low
all the ducks seem to be lining up in a row here to say that we are in this speculation phase. You're getting stronger economies. Commodity markets are moving. You're getting bear flattening in yield curves. And you're getting things like cyclical value stocks, resources, energy. outperforming