Still Rolling around in the Bubble
Yesterday was probably a wakeup call for many traders and investors but at this moment 10:00 AM CST nothing has changed in terms of overall positions.
Maybe the best way to illustrate this is: all eyes are on the dealer, everyone waiting for the shuffle, and then the next round. The player with the biggest pile of money does not believe the FED has the Balls to start selling bonds in 2022, so this could get interesting. Most of the players around the table have no idea of how to play the game going forward, they have been in a game where the key cards had bent corners. Now a new deck has come out.