There's a ton of bullishness around right now. But, my intuition tells me to lean the other direction. In particular, I am troubled by 3 signals that scream we are headed into a rough period for the financial markets:
1. Latest reported rail traffic indicates a plunge in activity
2. US Treasuries are signaling fear with yields going through the floor.
3. The Baltic Dry Freight rate is plunging.
Revisit this post in mid-Feb. Bet you my read of this mkt will be bang on. I've been building a nice position in SDS for downside protection. Its time to pick up the pace in that effort.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment