With today’s insane inflation data in the books, Bullard was dispatched by the WH to get the narrative out of control, with the goal is stymying inflation. How does one do this? Dollar up, commodities down — STOCKS COLLAPSE. The way to fight higher prices is by lowering them, obviously.
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Bottom line: I like short tech, long commodities. Rates are up a staggering 11bps to 2.04%, which is bad for housing. It’s hard to be sanguine here with the Fed trying to deflate. I will say, however, their efforts to deflate commodities are checked by Russia’s military movements.
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I’m happy with my short position. However, I thought 3-4% decline would be in order. 2 hours remaining.
Bold action today …radical stuff!. Words were issued advocating for raising real interest rates from -8% to -7%.
Hair on fire shit. Run away Run away
Why do I get the feeling you are rooting for a Russian invasion? The time to buy was a week or so. Lots of crosswinds to navigate across at the moment. Hard to find an advantage in the casino.
I hope the price of Beluga Caviar doesn’t go up too much when the Ruskies make their move