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One Has To Laugh

So according to today's headlines, bonds yields are rising on "rate hike expectations"...

 

... while stocks are rising because the data is bad enough to delay a rate hike.

We will refrain from commenting on this endless farce, aside to note that the Fed would save everyone a lot of energy, nerves and vocal cords if it merely announced what the closing price in the S&P is every day and just do away with "trading" and "markets" entirely.