I didn’t write anything yesterday other than a quick note because I wasn’t sure what to say. CPI came in hotter than expected, followed by a very weak 10Y auction.
My portfolio was close to flat as the bond shorts offset the equity, crypto and gold longs.
Today, PPI came in quite low and we rallied big. Though bonds still fell. So today was a great day.
I …
Keep reading with a 7-day free trial
Subscribe to Mind The Tape to keep reading this post and get 7 days of free access to the full post archives.