“Forget the inflation print. The Fed is buying bonds. That’s what matters.”
As we roll into June, Garrett is laser-focused on what's actually moving markets — and it’s not the inflation headlines.
He opens today’s session flagging a massive $20 billion equity sell expected from pension and institutional funds due to month-end rebalancing. But the real headline? The Fed’s back in the bond market — again.
Key Points:
June Rebalancing = $20B in Expected Selling
- Big players are rotating — pension and institutional outflows are on tap.
- It’s not panic, it’s positioning — but you need to be ready for pressure.
Fed Buys $6B in Bonds — Quietly, Again
- 7-year duration purchases, done quietly.
- Garrett’s take: ignore the CPI noise — follow the liquidity.
Inflation Print Misses — But It’s a Distraction
- Core PCE at 2.1%, below forecast — but the market barely reacts.
- Why? Because the Fed’s actions matter more than the numbers.
You want to know what’s really driving the tape?
It’s not headlines. It’s structure, rebalancing, and bond buys.
Until next time,
Garrett Baldwin
TheoTRADE