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Stocks & Bond Yields Surge As Bad-News-Is-Good-News Madness Returns (For Now)

It appears a slew of terrible data is just enough to re-ignite the bad-news-is-good-news... more data to come soon.

With the world short bonds, and long VIX - someone is about to get squeezed hard.

 

Standard morning stop-run?

Ironically, the odds of a September rate hike rose this morning from 28% to 30%.

 

Charts: Bloomberg