Lions and friends.
Today’s worse than expected inflation report is hitting stocks. Crypto, gold, silver, and crude are also under pressure.
The 10yr yield is higher, sitting at 3.11% I firmly believe that the 10yr will settle at around 3.25%
The relative strength of the dollar is markedly stronger as well.
As you all know, I very recently closed half of my PDBC position pulling profits, looks like my timing was good- I also know that many of you did the same or even closed your position entirely.
PDBC is under pressure today, along with the rest of the market. I will be buying back in on this dip.
I will also be buying more USO.
If you have not already seen my video from this morning, here it is below.
Buh-bye SPX. It was nice knowing you 😊. Hehehehehe! 😈
Looks like the SPX just gapped down 👇 hard. YES! 👍😃
BEARS RULE! 🐻🐻🐻
SPX Daily Chart 📉
https://docs.google.com/document/d/15rjmFP6OjlIzmOaAQPSx8jbCtCjAowy9-ysBYZxnhPo/edit?usp=drivesdk
People heading for the exit doors Greg?