Upcoming durable goods orders, toxic culture at FDIC, and potential impact on banking regulations

RenMac discusses why the latest inflation data reinforces an extended pause, the disinflation pipeline, why real yields are a good predictor of nominal rate markets, capitulation vs. correction, why overbought isn’t necessarily a bad thing, why Taiwan looms large over Biden-Xi meetings, and how Congress passed a stopgap but punted on all the difficult decisions.