Three Weeks Away
That is how much time it will take before the market decline breaks out to decidedly lower levels. We now should see bounces and lots of happy talk from CNBC cheerleaders and the Tom Lee “Follow the Fed Crowd”.
More later today.
10:00 AM Update
And the big thing, we are shorting bonds today, TBT and TBF short bond ETF’s. Other than China imploding, we expect the high inflation – low growth scenario to take off from here. Both of these factors should drive the dollar higher. In a few years we will find out the backstory of the recent yield flattening experiment by the FED.