Alternative Path

[gdl]

DAY TWO of the slide! The notion that a rate cut isn't coming has sunk in. We have never had more than a 4-day consecutive slide and i expect this one will be no different. Just a hiccup? Most likely. Watch the steady but strong evidence of a reversal in the dollar and bond yields. It should continue on a shallow upward trajectory where no one pays attention to the ramification.

Imagine all the suckers and fanatics that kiss the ground Trump walks on gobbling up a loser stock that has the uncanny similarity to everything trump touches. I can imagine these same people are doubling down around now.