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Joe Weisenthal, executive editor of news for Bloomberg Digital at Bloomberg L.P., observes that the short-lived uptick in markets following the latest PCE report did not persist.
Weisenthal highlights the rapid reversal in the 30-year bond, suggesting investors quickly adjusted their positions after the initial reaction.
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Weisenthal previously reported that PIMCO is facing an 85 percent loss on a AAA-related Philadelphia office bond. He has also covered the growth of the Odd Lots Discord community, which now has over 14,000 members discussing markets, finance, and economics. His recent commentary continues a focus on notable shifts in investor positioning and market sentiment.