we either bottom in the next 2-3% move lower or we get $49k
would be weird to tag the $52k area everyone is keen on and not take out multi-billions in long liqs below that as fuel for a much sharper reversal
it does feel like Powell is gonna have a tough time living up to the hawkishness that I feel has been priced in here (including the past few weeks)
unless he comes out with hikes on the cards it seems an overreaction across the board
10y yields also look weirdly capped
Ok I know I asked for this but some concern here is this feels more like insider front-running the next ~48 hours rather than pricing in downside risks so JPow can dalai us out of it
Or maybe the sheer bleakness of the timeline today is doing it
Ok I know I asked for this but some concern here is this feels more like insider front-running the next ~48 hours rather than pricing in downside risks so JPow can dalai us out of it
Or maybe the sheer bleakness of the timeline today is doing it https://t.co/66gDu8c9CW
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