CRASH IT UNTIL THE FED SURRENDERS

How about that long bond? TLT is lower by 3%. The dollar is getting pummeled and commodities are higher. But stocks aren’t responding to this apparent “good news.” Theoretically, a stronger oil barrel and lower King dollar is good for stocks. We’d see short squeezes and people would toss out their TLT bond holdings and reallocate into stocks.

But, that’s not happening today, is it?

Markets are throwing an infantile tantrum because the ECB didn’t up their QE enough. And, couple that with the fact that our Fed is asininely hiking rates, into what seems to be a recession, traders are trying to force the Fed to rethink their position on hiking by cratering share prices.

BAD NEWS: It isn’t going to work this time, lads.

The Federal Reserve is no longer led by a blunt smoking boss with a beard. It’s not led by a grandmother, from Brooklyn, who is more interested in filling her candy trays with butterscotched candies than money into your purse (no homo).

I am bearish for equities in 2016; but neutral for the month of December. For members of Exodus: simply wait for the next oversold signal and act accordingly.