I do not like to trade on Fed days, especially since they are rife with collapses and upside reversals. Today we only got collapse and then further collapse, because the Fed cut rates but pointed to a moderation in this policy because of what we already knew: inflation had not moderated to the point of...Read More

Today was a rough day in the market, but the overall indices were somewhat mundane, masking some of the violence taking place. Again, this has everything to do with the tera cap status of the Mag 7. On the issue of hedging: although tempting, the major inverse ETFs have been hard to approach, with 10%...Read More