Hey, welcome everybody to the show today. This is the real vision daily briefing. It is Thursday,

September 23rd. You could have been anywhere in the world, but you were here with me. And, of course,

my very special guest on today's edition of Real Vision Daily Briefing. We have the Bond King.

That's not the Prince, not the Duke, not the Earl, no, the Bond King. Stephen Van Meter of Stephen

Van Meter financial is here with us. Stephen, welcome to the show.

Dion, I'm very excited to be here with you today. Thanks for having me on.

Hey, man, I'm excited because everyone who knows me knows I love talking bonds. I love talking

to bond market. So I'm really excited to have you here. Let's just get started today with your

general market reaction. The Dow jumping up more than 500 points. And then, of course, you have

that move higher in the 10 year treasury note, the 10 year treasury yield up over 1.4 percent.

I think settling now at about 1.41, 1.42. What do you make of the general market action today after

we had those big selloffs earlier in the week? Yeah, it was really interesting because if you

looked at the bond market going into the close, we were down on the 30 year right around 1.8 and

change. And we were looking like we're going to break supporting and start moving down to 1.6.

And then all of a sudden, this morning, I wake up and it's like, whoa, bonds are getting

hammered. And then, wow, they continue to get hammered and stocks are rallying. And so you

start to think about what's going on? What is the market thinking about? And you can look back

to yesterday's that phone scene being, which I know we're going to get into in a little bit.

And you find out that people were kind of thinking that maybe the taper was a bad move.

And that you can see in the reaction, the bond market by yield to going down. And then,

apparently, all the money managers around the world slept on it. And now, of a sudden,

today, they believe that not only is the Fed going to end up tapering, but they think the

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