There are two big reasons why the odds of Treasuries moving higher from here are dismal.
Investment bank says historical trends indicate the U.S. will see a recession next May. Stocks would sell off roughly five months beforehand.
There is no real connection to the economy right now because of globalization.
I start this week in risk-off mode and want to sell every rally in risk.
Literally at the same time Powell was speaking, trade tensions were ramping up.
With uncertainty around what Fed Chair Jerome Powell might say Friday, it's unclear how much dovishness will take the market higher.