Hello, welcome to the Real Vision Daily Briefing. It's Tuesday, September 7, 2021. I'm Maggie Lake.

Here with me today is Jared Dillion, author of the DailyDirtNap.com newsletter and Real Vision

regular. Jared, great to see you. We're coming fresh off a long holiday weekend. Yeah, I'm still

a little bit stupid. I'll do my best here. Yeah, in recovery mode, right? And we're glad to see

that. But how are you feeling about the markets in sort of September generally? I felt like

that first week didn't really count, but we're past the holiday weekend now. How are you feeling about

things? No, I mean, I'm still bullish equities. I'm still bullish risk. I think, you know, the take

away from today, it's pretty simple. You know, the bond market was a bit of a mess. And tenser,

136, 137. If you look at the chart, we're kind of, it's kind of looks like head and shoulders

bottom and yields. You get tens up to 150 people are going to get nervous. I think the bond market

really drove a lot of the price action and stocks today. You know, I, you know, there was a lot of,

if you go back three or four weeks ago, there was a lot of discussion about the lower yields. We got

down to about 110, 115 on tens. And people said inflation is over. We're back to deflation.

And I don't think that was really the case. And a lot of people are saying, well, it's technical

reasons that yields are 110. I don't really know why that happened. But I think that yields are

probably going to head higher in the couple of weeks. And I think it's going to be a little bumpy

for gold and for stocks and for risk. So, you know, I want to hear why because, you know, I'm

coming off the holiday weekend. And I kind of feel like, you know, there's, there's so much

back and forth. I feel like I'm at the US open in Arthur, at stadium. And I'm like, watching

instead of the tennis, I'm watching deflation, inflation. And I see the export data out of China

today. I'm like, okay, you know, recovery, global recovery, maybe maybe those fears were overstated.

And we're back. And then I turn around in two seconds later, there's another piece of data

...