MARKETS BLEED OUT

Tiger Global favs are getting smashed again today and I might need to revise my predictions for the session, seeing this hellscape materialize in real time.

I sold most of my risk and kept the UVIX position intact for now, while bulking up on old man risk averse stocks like CPB. This doesn’t seem like a forgiving tape and the idea of a bounce might be fanciful day dreaming brought on by decades of Fed programming to always believe in American exceptionalism.

The NASDAQ is -312 and the Ruble is at six year highs.