Jared Kubin(@JaredKubin):08/10: I love the HEATMAP view - I keep on a TV in my office ... another lens for factor moves YIELDS are really starting to spook people ... whats interesting to me is SHORTS are being RE-grossed ... EVERY SINGLE FACTOR is red, you rarely see that a) people are grossing back up (need something to fund longs) b) people getting more defensive (closing up net longs) *I suspect b* ahead of Jackson hole and pre-labor day volumes dry up MACRO PULSE has said last 1m/3m very disinflationary... now today "inflationary" ... one day doesn't make a trend ... but the action today is subtle shifts in the force

2026.08.10 16:07

08/10: I love the HEATMAP view - I keep on a TV in my office ... another lens for factor moves YIELDS are really starting to spook people ... whats interesting to me is SHORTS are being RE-grossed ... EVERY SINGLE FACTOR is red, you rarely see that a) people are grossing back up (need something to fund longs) b) people getting more defensive (closing up net longs) *I suspect b* ahead of Jackson hole and pre-labor day volumes dry up MACRO PULSE has said last 1m/3m very disinflationary... now today "inflationary" ... one day doesn't make a trend ... but the action today is subtle shifts in the force