Asian stocks drop as Fed shift reverberates; Treasury yields slide

Benchmark 10-year U.S. Treasury yields fell to the lowest since early March at 1.4110%, while those on 30-year bonds slid as low as 1.9990% for the first time in more than four months.

The U.S. dollar hovered near the 10-week high touched on Friday versus major peers , following its biggest weekly advance in more than a year. "It feels that the pain trade is for further strength in the USD, higher real rates, and a flatter Treasury curve, with the market continuing to see the reflation trades unwound."

Several Fed officials have speaking duties this week, including Chair Jerome Powell, who testifies before Congress on Tuesday., which tracks shares in 45 nations, fell another 0.2% on Monday, extending its retreat from a record intraday high reached Tuesday.

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Tesla and Other Bubble Stocks Have Deflated Just Like 2000Fashionable areas of clean energy, electric cars, cannabis stocks and SPACs have dropped sharply this year, in an echo of the dot-com era Cause it was never fixed The gobbermint is in on pillage and feudalism 15-30 percent look anything like the dot com? WSJ is supposed to have better writing than this When an individual is a savvy short trader one can only hope. There’s the damn tick rules though now but that’s okay, they usually fly fast and hard in the same direction as the momentum when trading resumes. Still long $TSLA almost 10 years now Puuuuuhhhhhh!!!! 😜
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