QAGELLC's profile picture. We are in a beta transformation phase shift. Low beta dominance. Not advice. Please subscribe directly through a browser on http://X.COM not through the X App.

David Levenson. I am increasing low beta leverage.

@QAGELLC

We are in a beta transformation phase shift. Low beta dominance. Not advice. Please subscribe directly through a browser on http://X.COM not through the X App.

Pinned

A protracted flow from XLC XLK XLY FAANGMT and cyclicals in general is accelerating into XLV XLP XLU, new home builders, online home finance, UST notes , UST bonds and UST UltraBond futures. This is not a correction. It's a durable polarity shift.


The 40Y JGB is 12.1 bp from failing a breakout going back to May 18, 2025. 8 months and 3 weeks. Ignore the noise folks this is huge news.

QAGELLC's tweet image. The 40Y JGB is 12.1 bp from failing a breakout going back to May 18, 2025.

8 months and 3 weeks.

Ignore the noise folks this is huge news.
QAGELLC's tweet image. The 40Y JGB is 12.1 bp from failing a breakout going back to May 18, 2025.

8 months and 3 weeks.

Ignore the noise folks this is huge news.

Bonds are bid at the longest term despite the big equity move. Don’t ignore this.

QAGELLC's tweet image. Bonds are bid at the longest term despite the big equity move. Don’t ignore this.
QAGELLC's tweet image. Bonds are bid at the longest term despite the big equity move. Don’t ignore this.

XLV divided by XLK has overtaken The May 2025 level

QAGELLC's tweet image. XLV divided by XLK has overtaken The May 2025 level

MRK has risen to levels prior to the initiation of rate cuts

QAGELLC's tweet image. MRK has risen to levels prior to the initiation of rate cuts

PFE exceeded the highest monthly close since prior to the start of rate cuts. Rate cuts initially drove down health care to support tech. That’s over

QAGELLC's tweet image. PFE exceeded the highest monthly close since prior to the start of rate cuts.

Rate cuts initially drove down health care to support tech.  That’s over

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