The tweet was deleted by the author.
But we saved everything 🙂.
Greg Ip observes that a recent JPM survey showed clients moving to net long positions, suggesting Bessent's buyback threats may have influenced this behavior.
He points out that with clients now net long, there may be fewer natural buyers left to support prices against future repricing events.
View post on X Loading...
Earlier, Greg Ip reported Stan Druckenmiller's criticism of Treasury Secretary Scott Bessent, who warned that persistent yield defense could introduce risks to the market climate here. In another piece, Ip highlighted market reactions to Warsh's recent speech and its perceived hawkishness here. These developments add further context to current client positioning trends.