Dem sweep
= stimulus
= inflation
= rising yield curve
= demand to hedge rising rates
= more need for interest rate futures
= $CME 
pic.twitter.com/wf4MuMT713
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The Fed has kept short rates low and seems committed to that for a long time + they are still doing open market treasury buying to keep long rates low. Why does this change in order to bullish on CME?
You're right that the Fed is & will still be active on the short end of the curve, which doesn't get CME completely out of the woods yet (why they're not $200+) but it does give the market hope that a hawkish stance may come sooner than later
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Bank stocks are doing even better. Love to see it.
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Market obviously agrees with you as I sense the shorts are covering today. But I just don’t see how Powell changes his stance if there is continued push to provide massive liquidity...he seems so staunch in his lower for longer point of view.
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