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https://twitter.com/MacroAlf/status/1633944102826909703
Banks are leading the red move, and it may not be JUST SIVB.
There appears to be a broader squeeze going on, due to perverse incentives from REGULATION.
Imagine that.
We all saw the enormous apparent losses taken on bond holdings last year.
Who took them, and when will they bubble to the surface?
pedro…is this IT ?
First buy signals for VOL complex since early last summer.
One EW guy “we” follow said either Bearish here, or Very Bearish here.
A large gap down tomorrow would lock in the latter I suspect.
That would be the POR move I noted just yesterday.
Well…factor in that i bought SPXS and SQQQ on the close….Bullish !
🙂