Swan Lake – July 5

Dull.  Boring markets.

Fireworks start tomorrow with the first shots are fired in the trade war.  The Trump administration has painted itself into a corner and the only way out is a unilateral capitulation on his part.


Forget about.  Easy money days are over and the printing presses have been turned off.

A new crisis is brewing and something is about to break.   That will be the time to think about getting long.   Until then,  trade ’em with rentals.

Jul5_Pace of policy tightening




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