Agreed, I think If rates continue to come in a bit, May see that broader participation similar to what we saw in late summer before the indices marked their tops
Hmm yeah great point. Like in my mind we are in this period where we are done with the bear steepener but not at the bull steepener yet. So in between then, that ossification is going to be difficult to trade directionally and likely better to fade extremes in stuff. Like if gold gets a bit to low or equities get a bit to high.
LFG
Really interested to see if market breadth picks up. SPY/RSP keeps rallying and driving indexation effect.
Agreed, I think If rates continue to come in a bit, May see that broader participation similar to what we saw in late summer before the indices marked their tops
Hmm yeah great point. Like in my mind we are in this period where we are done with the bear steepener but not at the bull steepener yet. So in between then, that ossification is going to be difficult to trade directionally and likely better to fade extremes in stuff. Like if gold gets a bit to low or equities get a bit to high.
Agreed
Eliant any view please this HHH. Bill Ackman has been buying loads of it but it seems hard to value?