There was a misunderstanding in terms of how the information was presented, and once the issues became clear, the market resumed the rally that we've been having today.

The decline in starts shows that higher interest rates are impacting the housing market. That is a story for the bulls.

He's telling you the Fed's probably got more room to continue to hike, but inflation is not going to be a problem. That tells me that the 10-year doesn't need to move that much, but the two-year note probably is going to track toward a 5 percent fed funds rate.

As the Nikkei moves up in price, it signifies growth in the Japanese economy. That will signal higher yields in Japan, which will make them at the margin less net buyers of U.S. Treasuries.

As the Nikkei moves up in price, it signifies growth in the Japanese economy, ... That will signal higher yields in Japan, which will make them at the margin less net buyers of U.S. Treasuries.

A curve inversion will last until the Fed stops tightening. As long is the Fed keeps tightening and inflation remains benign, the curve should be inverted.