Concern here - is that China raised rates because the inflation number is going to disappoint. How could it not? Commodities are shooting through the roof.
Make sure you have cash here. I'm not saying get out of the market, but those who levered up for a monster run should tone it back IMO. If the overall markets correct, we just won't be able to run.
Overall markets were heavily overbought going into this. No reason for the S&P to have been rallying like it did, and I don't see how it ends well. JMO.
As for me, I'm 50% cash, been above 40% cash for 4 weeks (unfortunately lol). I moved CCME into a taxable account, so I can take a tax loss if we drop at all, but I'm not selling any right now, because I think the short situation is getting even worse, making way for a grand finale when they preannounce 3Q.
