Jeff Weniger on the Bond Market: It's Not What You Think

Jeff Weniger, CFA, days into a new role as Chief Investment Strategist at Corgi Invest after nearly a decade at WisdomTree, joins Ilya Spivak to make the argument nobody else is making: that the long bond may be selling off because the economy is fine, not because of fiscal fear. They work both sides, weighing a composite PMI that beat every estimate on the street against three weeks of softening growth data, a housing market frozen at current mortgage rates, breakevens that stopped following oil, and what gold and copper are signalling. His views are his own, not tastylive recommendations. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Meeting the new chief strategist 00:37 What the intervention was about 03:14 Does the stock market care 04:28 A different explanation entirely 05:13 Three weeks of softening data 06:35 A scorching services number 07:31 What two small hikes mean 08:13 An ice cold housing market 09:33 Why breakevens stopped following oil 11:36 The question that decides everything 12:59 Data centers and electricity demand 14:15 AI as a deflationary force 15:00 Nobody owns the long bond 15:31 What gold has been doing 17:52 Copper as the old indicator 19:24 Where to find his charts #tastylive #bonds #macro #inflation #gold #copper #federalreserve #optionstrading #markets #trading tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.