FOMC MINUTES OUT: MODERATELY HAWKISH

Markets like the minutes, mostly out of a pavlov styled reflex to buy all Fed minutes. The Fed, mostly, are onboard for 25bps hikes until CPI hits 2%, which will happen sometimes in the 2030s. By that time, Fed Funds rates will be upwards of 15%.

You can access the Stocklabs newswire via this free resource.

NEVERTHELESS, buyers have surprised raped bears again with buy orders. I covered my shorts and bought some RIOT, in order to feeeeeel like I am part of the celebrations. I too would like to pop champagne corks into the faces of bears whilst laughing hysterically — drenched in booze.

I am still down 35bps, but somehow expect to be fooled by all of this and get the feeling I will soon regret closing out my hedges.