But you do think it should be up up up right now though don't you red? I'm with you though d market is getting scary here with the Vix falling near recent lows, calls sooooo expensive and bonds leaning higher in yield, getting way ahead of itself!!
At this juncture I see there is not much upside left, if not an IT top right here unless the Fed changes its inflation target from 2% to 5% that is unlikely .......................
The current rally is mostly based on the hype/wishful thinking that the Fed will stop hiking after a 25 bps raise next week, that is likely to be punished as the inflation is still way too high for the 2% inflation target by the Fed. ......................
The moment of truth soon next week, going to be very interesting. I bet the same result as this game was played multiple times last year, So, this may well be an IT top ..........................
Edited by redfoliage2, 27 January 2023 - 04:02 PM.