A.M. Look 10/6/23

Follow the Bonds early.

Yra sent me a note about the margin element to the basis trade.

“difficult to determine out as it will unwind when there is a big up day and huge cash payments made to cover shorts which the basis traders are now receiving and earning more on–“

When markets get directionally challenged the sling shot effect of an unwind is nothing to be early on.

Do not get religion this afternoon.

Don’t fade the flow!

Late Friday’s tend to be a one way train on an #’s release day.

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