It should be a much more BULLISH THANKSGIVING week but several bearish factors have surfaced - e.g. the Chinese OPENING UP may be reversed as COVID surges there, and will US consumers still be able to splurge ....as forecasted.
MY FF is a bullish shortened week and then markets dip for a week a so and then recover for the end of year rally .
As I write that line I wonder if even that partially bullish is still expecting too much from the BULLS ... I do not think so if CHINA has to abandon their OPENING-UP process.
I am flat except for TLT CALLS, UVXY CALLS. and a few smaller holdings.
Will be extremely cautious for the rest of November and also in December, unless market melts up or down.
China reporting 2 COVID deaths. Yeah. Right. Sure.
How the F can you trust any of their data when a BILLION plus people has the highest COVID rate in the world but just 2 deaths?