Alternative Path

[gdl]

We are in the SWEET SPOT! Market is telegraphing that we are in a new bull cycle and everyone agrees. The confirmation to support it is the dollars demise and 10 year yields breaking down. The street assumes with this recessionary pattern they would not dare keep raising rates. Stagflation is the worse scenario for profits, absolutely worse. I suspect we will be talking about this till JUNE of 2023 as the FED is forced to keep raising rates.

I now don't believe we get any decent retrace UNLESS the Data points from economic activity shows a big miss. So far it is consistent.

This holiday should be explosively bullish.