Good Monday morning, slow start whew. At a play really late that a friend was in!! Still have my long on from last week with a profit stop of 4000 right now but is tempting to go short just not yet. Not surprising as bond yields are down so much so of course stocks are going to move up on that note but believe me volatility is going to kick in for sure as we enter March. For now I'd take the rally as options are remaining kinda neutral no extremes in bullishness or bearishness.
Still believe the same thing Pdx, if the Fed lifts to much it will create a recession. I have realized that with house prices not nearly as high as up here it might not be as bad but even down there it could be bad. Been awhile but the average mortgage in Canada is about 650,000 and I believe America is around half that. Maybe someone could update that for me. Anyhow, the higher the rates the harder the slowdown in my view and why I say eventually the market could see a -50% haircut, just not yet...
