Worst in 100 years The 10-year rolling return on US Treasuries is now -1%, below the lows of December 1959 and September 1981, the latter of which marked the start of the greatest bond bull market in history: https://x.com/joemccann/status/2114832263582249459
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Massive downside for oil CTA downside convexity in oil is the definition of asymmetry. https://x.com/joemccann/status/2114822571636232359
Quite the perfect rounding bottom in $TLT on the daily and potentially setting up for sideways action for a monster cup and handle. https://x.com/joemccann/status/2114735200328659135
How to trade Brazil on the Monday open: Short $NU and $EWZS (Brazil small caps) Long $VALE (they earn in US Dollars so the 10% and service in Reals so the drop in the Real doesn’t impact them directly, it helps them) Vols will be thru the roof so selling call…
Election cycles - just stay long after midterms it seems. https://x.com/joemccann/status/2114523924423946519
On the heels of the Brazilian election, $EWZ is down 17.84%. If it opens down that much or worse Monday morning it will be the single largest gap down (or up) in $EWZ history. https://x.com/joemccann/status/2114521755817836828
The anti-data center propaganda is finally getting real. https://x.com/joemccann/status/2114421334558355910
Pretty remarkable: British Columbia elects Conservative majority government for first time in nearly 100 years. https://x.com/joemccann/status/2114335814314533011
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