SP 500 Futures Gear Up To All Time High On Summers’ Exit
Keep the kool aid flowing. Risk on ….Risk off…Lets have QE5 and QE6. Summers was a Hawk. This would have ended or curtailed the Stock Market party. Those there were following the trend short on bonds got smacked overnight with the futures up almost 1% on the 30 year. Dollar got smacked….and all of those that were enjoying a short on Gold are waking up to a $20+ pop. This is what makes trading and trend following so interesting. You never know what will happen. You do not need to know in order to make money. Just need to be able to accept the risk of the trade you put on not working.
One day the bubble will pop. It is truly shocking to me that all the debt and problems of 2007 have been forgotten. Reality will set in. Have a plan and have the mental fortitude to follow it.