A cautious tail of advice.
The puts at 4100 on ES are without a doubt monstrous, as per emini tick on Twitter.
But the over all market is also not without fear.
The narrative?
~ WAR
~ INFLATION
~ FED RATE HIKING
~ BURSTING OF BUBBLES
ETC..
these are all possible cautionary tales to be bearish. But when have we ever succeeded in predicting "the crash" with 90% bearish. I'll take that as a contrian indicator. Love me or hate me additionally the most key driving force for a downwards suction is a hike above 50bps. When has the fed ever done the right thing? Does Jerome has the balls to be hawkish? Or do you not think his hands will have to be forced. Lastly, are we at a point where he's forced with a CPI of 7.9... I think not. Technicals are pointless and charts are not friends at every turn. But know this, the majority is never right with the stock market.
But the over all market is also not without fear.
The narrative?
~ WAR
~ INFLATION
~ FED RATE HIKING
~ BURSTING OF BUBBLES
ETC..
these are all possible cautionary tales to be bearish. But when have we ever succeeded in predicting "the crash" with 90% bearish. I'll take that as a contrian indicator. Love me or hate me additionally the most key driving force for a downwards suction is a hike above 50bps. When has the fed ever done the right thing? Does Jerome has the balls to be hawkish? Or do you not think his hands will have to be forced. Lastly, are we at a point where he's forced with a CPI of 7.9... I think not. Technicals are pointless and charts are not friends at every turn. But know this, the majority is never right with the stock market.
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