I hate to the the bearer of bad news for many of my loyal BEARSHITTING readooooors — but it seems markets want more of the same. We are +1.5% the past month and those returns, give or take 2%, should remain a constant. There just isn’t much fear out there now.
Unfortunately, the bulls have won and taken to the DOW JONES as a safe haven and will drive it higher into the New Year’s. We will find, by early 2023, the Biden administration boasting about the strength of the US economy and the specter of a soft landing, amidst Ukrainian victories on the battlefield and Americana de Pax spreading like COVID-19 across the globe, much to the chagrin of both flat earthers and CCP lovers.
Do not kill the messenger. I am merely a reader of tea leaves, and a trader of assets.
I closed higher by 20bps today, ending the day heavily hedged against the NASDAQ because nothing says “FUCK YOURSELF” like selling short into the joyous holidays.If you enjoy the content at iBankCoin, please follow us on Twitter