US Treasury market liquidity is back to pre-Covid levels; and in the historically weakest time of year. It's not even October yet; and we have to allow degrees of concern, while pleased with how the market has performed during this time.

I think you stay the course in this market, leaning bullish but not getting overexposed and cutting some underperforming and/or stagnant positions as you add new ones.

Today begins the weakest week of the year in seasonal terms. It is also the week after an enormous options expiration on Friday. The week is supposed to be negative. 27 of the last 34 years have seen this week on the defensive.