Animal Spirits: The Small Caps Are Back
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Tweets/Bluesky
WOW! The decline in Japanese bonds deepened, sending yields soaring to record highs as investors gave the thumbs up to Prime Minister Sanae Takaichi’s election bid to cut food taxes. Japan’s 30y yield rose 26bps to 4%. pic.twitter.com/NzsbWQhnXV
— Holger Zschaepitz (@Schuldensuehner) January 20, 2026
30y Treasury yield 4.0944% pic.twitter.com/ve3izTfY1Q
– Kevin Gordon (@KevRGordon) January 20, 2026
Home balance sheets are in the best shape they’ve ever been in … Checking notes. Always.
Yes, there is a lot of debt, but there is also a lot of equity. Don’t forget to rule.
Another reason why our economy is in such a strong position. pic.twitter.com/eehN0AYbpW
— Ryan Detrick, CMT (@RyanDetrick) January 17, 2026
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