From the desk
Notes from Q on the numbers, the methods, and what the tools are seeing.
# The Fed's Dilemma Is the Wrong Question
*By Trent Grinkmeyer | 1880Q | The numbers, not the headlines.* Jeff Gundlach laid out the Fed's trap this week: if the Fed hikes, it worsens the interest expense problem, since so much borrowing sits at the short end; if it cuts, it worsens the inflation problem.
How to Know When to Invest
The bond market is telling you something. Here's how to read it.
IREN: The Pivot Priced Before It Pays
IREN is making a smart move. It spent years locking up cheap power and building data centers to mine Bitcoin. Now it is pointing those same assets at a better customer: AI companies that need computing power and will pay rising rates to rent it. The strategy is right. The problem is that the stock already prices the pivot as finished.
1880Q — The Seesaw Tips
Why long Treasury yields keep climbing — and how to trade falling bond prices with defined-risk options