>>20061042
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TYB
o7
Farrakhan Followers. Already demanding reparations.
All night Whack-An-Ego.
>>20061094
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>>20061116
Glow Bull
Startin' to get glaring.
The ‘cocaine bear’ ETF keeps on huffing
Everyone loves duration again
This summer we wrote about the closest thing that the bond market has to a meme stock — Direxion’s triple-leveraged long-maturity Treasury ETF.
The “cocaine bear energy” of TMF has since then cranked up several notches, as people have kept betting that the bond market nadir is in. Just last Friday the $4bn ETF took in a record $205mn!
That means that TMF has seen almost $2.5bn of net inflows and roughly doubled in size since FT Alphaville wrote about it on June 1 — despite what can kindly be described as a bad run.
While it has climbed almost 50 per cent since its October low, the ETF has still done comically badly since going bananas back in the early-2020 Treasury market rally.
https://www.ft.com/content/0a9cfaaf-feca-40d1-97da-80b697d03bd7
Glow Bull
70 second delta.
Coincidence.