It’s possibly in fact over this time.
Powell left zero room for dovishness, which resulted in a collapse of the stock exchange. I had a 15% position in TZA and I closed it out for +5%.
The yield curve is worsening and more important FRENCH POWER PRICES ARE UP 25% TODAY.
I’m short Bitcoin now via $BITI and have a few longs just in case. But to be honest, fuck this market.
Up 5bps for the session because I don’t lose.
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a.k.a. Larry Fink. Who by the way will not be happy as he would prefer to carry on the ETF and political game playing for much longer. Alas, I don’t think Powell will care about tantrum in the markets this time around, if he does, he goes into the spineless reject bin.
At the rate Fink is going his operation will be banned from 30 states anyway.
ESG narrative was game play at its best.
Agreed, I didn’t moon him today because he stood ground. Lucky for him….. it’s blinding