From Joe
![Everything You Need to Know About Money is Now at your Fingertips](https://dxj7eshgz03ln.cloudfront.net/production/link/image/955062/original_ratio_extra_large_db92a106-7841-47ce-9240-e0202a5d70c5.jpg)
Everything You Need to Know About Money is Now at your Fingertips
I've created a library of training material to teach you how money works so that you can make more money and protect it.
It's more important than ever to understand how to allocate your portfolio to eliminate risk. How to use the advanced options strategies that professionals use to hedge, produce income, and make low-risk trades with huge payoffs. How to get out of debt fast. How to pick the best stocks and make sure you are buying them at a great price.
Members of Heresy Financial University get all of this, and more. As a member you'll get access to every course in the library of training material, and you'll get automatic access to every future course I launch as well.
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News
![Rising US debt burden spooks some bond investors ahead of election](https://dxj7eshgz03ln.cloudfront.net/production/link/image/955058/twenty_by_nine_extra_large_c5ad5869-ba5c-4565-a386-f9872bab21a0.png)
Rising US debt burden spooks some bond investors ahead of election
Investors are bracing for a flood of U.S. government debt issuance that over time could dwarf an expected rally in bonds, as they see no end in sight for large fiscal deficits ahead of this year's presidential election. While bond markets so far this year have been driven mostly by bets on how deeply the Federal Reserve will be able to cut interest rates, fiscal concerns are expected to become more prominent as the Nov. 5 election nears. Analysts and investors say a reduction in deficit spending does not appear to be a policy priority for President Joe Biden and Republican challenger Donald Trump. Both candidates' teams dispute this notion. Some investors have already started to allocate funds in ways that would avoid losses if Treasury yields, which move inversely to prices, start surging because of supply and demand imbalances.
![Carry Trade Is All the Rage Across Global Bond and FX Markets](https://dxj7eshgz03ln.cloudfront.net/production/link/image/955059/twenty_by_nine_extra_large_e95691b7-3f85-46fc-8215-45261c52ad48.png)
Carry Trade Is All the Rage Across Global Bond and FX Markets
Exploiting differences in interest rates is set to become one of the most popular investment strategies in coming months as markets bet shallower cuts will keep volatility subdued. Strategists across Wall Street are touting carry trades, which harvest the extra income on higher-yielding currencies and bonds, and thrive in calm markets when there’s a lower risk of wild price swings wiping out profits. UBS Group AG recommends selling the Swiss franc to buy US and Australian dollars, Societe Generale SA likes riskier European government bonds, and Pictet Asset Management is locking in high yields with local-currency bonds from Mexico and Brazil.
![A Hedge-Fund Volatility Trade Risks Getting Crushed by the Crowd](https://dxj7eshgz03ln.cloudfront.net/production/link/image/955060/twenty_by_nine_extra_large_65dcf35e-234c-4bb6-a305-4c3ebb710139.png)
A Hedge-Fund Volatility Trade Risks Getting Crushed by the Crowd
A once-niche stock trade beloved by hedge funds and volatility players has ballooned into one of the biggest options strategies on Wall Street, stirring fears it will get crushed by its own popularity. Known as dispersion, it’s traditionally been the preserve of bank trading desks and fast-money players like Capstone Investment Advisors and One River Asset Management. But it’s been luring new cash in the post-pandemic era as a market riven by rising interest rates has boosted performance. The approach pairs a long and short position to profit from differences between the volatility of an index like the S&P 500 and that of its individual members.
![Treasury Yields Plow Higher as Traders See First Fed Cut Later](https://dxj7eshgz03ln.cloudfront.net/production/link/image/955061/twenty_by_nine_extra_large_7e2b5583-0527-4967-9a11-688106dbdc5a.png)
Treasury Yields Plow Higher as Traders See First Fed Cut Later
Treasury yields surged as data showing strength in US business activity and a tight labor market sparked traders to push back the timing for Federal Reserve interest-rate cuts until the end of this year. The Fed-policy sensitive two-year yield rose more than 8 basis points to touch 4.955%, its highest since May 2, before easing a touch late in New York. Meanwhile, rates across maturities were up at least 5 basis points, causing the yield curve to flatten. Trading volume was below average heading into a long weekend, with US markets set to shut Monday for Memorial Day. Data Thursday showed US business activity accelerated in early May at the fastest pace in two years. That came on the heels of a report showing initial applications for US unemployment benefits fell last week.