Investors Await China's Impact on Treasury Yields

Larry Schober discusses the limited impact of payroll numbers on the market, highlighting the influence of China's market closure and offshore RMB rates. He suggests a bull flattening trade, particularly in the 2:10 spread, due to recent yield increases. The conversation also covers short-term tactical plays and psychological levels in trading.

What was the expected impact of the payroll number on the market?

• Significant impact due to low expectations

• Minimal impact despite high expectations

• No impact as it was not considered important

• A negative impact due to market saturation

What global factor contributed to market nervousness according to Larry?

• The rise in oil prices

• China's market closure for a week

• The increase in gold prices

• The decline in technology stocks

What is the significance of the offshore RMB being north of 690?

• It indicates a strong dollar

• It shows a stable economic environment

• It suggests a potential market crash

• It is a sign of a flattening curve

What investment strategy does Larry recommend in the current market?

• Bull flattening trade

• Short selling technology stocks

• Bear steepening trade

• Investing in emerging markets

What is the focus of the short-term tactical play discussed by Larry?

• Investing in real estate

• Reinvesting in technology stocks

• Focusing on the 2:10 spread

• Buying gold and silver