We thought the market had bottomed due to the elaborate run in January into early February. Rates were down, inflation defeated, the Fed pivoting, the war a non event. Now, all of a sudden, shit isn’t so charming anymore.
The PPI was HOTTER THAN EXPECTED.
The Fed is hawkish as fuck, talking shit.
The war is escalating.
On top of all that, rates are surging right into peak housing time of year. It would be very easy to just close my eyes, buy stocks, and hope for the best. But I am a professional and cannot ignore that writing being scrawled about on the walls. One cannot ignore the fact that the market surged on the expectation inflation had been had and rates were done going higher, perhaps even pricing in rates cuts.
Now we see that isn’t the case, logic should dictate, if I might be so bold, that we should inevitably and presumably COLLAPSE.
