Good Lord... the financial markets have a short memory. LESS THAN A MONTH AGO, the long bond went parabolic. TLT ran up nearly 10% in 10 days. Largest rally since the Fiscal Cliff play in 2011. When TLT goes up, it means that rates went down. And rates got low... stupid low... it felt like
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The Chinese Undertaker Trade
If there’s anything I’ve learned from trading this market over the past decade… It’s how narratives will stay quiet for most of the time, but when they shift… markets move fast. We will normally see this to the downside. Take the fiscal cliff from 2011 as an example: The S&P pivots around 1300 for an
Here's How to Fade the "Trade Talks" Rally...
"Markets rise on trade optimism." Hah. OK. We've seen this before. If this is the normal cycle... the markets will jam higher with the anticipation that US-China trade relations will normalize... But then something happens. A wrench thrown into the gears. Gas on the fire. A tweet. And then, just like clockwork, the markets gap
WHAT A MOVE - Here's What The Market Will Do Next...
A nice an orderly 3% selloff will get your attention. With news that China is bringing currency manipulation into the game, the markets took it on the chin and didn't stop selling off all day. I put together a video comparing the last time this happened, some context on the overall market, and how I