Investors received good economic data, which was why they freaked out that the FED may change their easing of the tightening thinking, and they sold off everything they had. At least, this is what the media told us yesterday and today. But we knew that at the current levels, bears would come back to short the market. It was too obvious and to be expected. That’s why we closed many of our bearish positions today because I expect the selling to ease the rest of the week. The VIX is in hot contango, the economy is slowing, inflation is falling, and the FED’s pivot is inevitable. The question is, when. As of now, I expect more of a sideway to bullish trading.
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