1. $SPX is trading like the Fed’s going to crash markets 2. Bond markets are trading like $SPX is at 5000+ 3. WTI Crude is trading like inflation is at 20% 4. Gold is trading like inflation doesn’t exist 5. Tech stocks are trading like rates are going to 10% Nothing adds up.
@KobeissiLetter @savvytrader2018 It all adds up. The expensive $SPX is down less than 5%. All tech stocks are not remotely equal, and the $QQQ is down 9% and acts like the 10yr yield is going to 3%. Crude prices are a function of supply & demand. It all adds up given Fed QT and higher rates. We're going lower.
@KobeissiLetter Almost like there is a significant effort to alter the normal functioning of these markets?
@KobeissiLetter Long sds tbt. Makes sense to me. Fed needs to slow nominal growth of money, raise real rates above zero ASAP.
@KobeissiLetter It adds up fine once you realize smart money is positioning for what comes next, rather than where we currently are.