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Lawrence Lepard shares an observation on the Bank of America MOVE index, which measures bond market volatility. He states the current level is not as elevated as during the first significant spike, referred to as Big Print 1, but is nearing the intensity of Big Print 2.
Lepard questions the possible implications of the index approaching this threshold as market participants assess bond market dynamics.
Lepard’s caution regarding the MOVE index arrives amid growing concerns over market volatility, a sentiment consistent with his prior recommendation that exiting to alternative assets such as gold or bitcoin may offer a safer haven during turbulent periods. At the same time, the question of whether inflationary pressures will persist or moderate has featured prominently in his recent analyses, notably in his assessment that inflation is set to ease, offering context for investors weighing current bond market dynamics.