I'm old enough to remember last Thursday (3 trading days ago) WHEN I was covering-SOME of my US Index Shorts (SPY and IWM) on red (see RTAs for timestamps)...
1. Does today's 10 basis point surprise in CPI change our Full Investing Cycle Short position we've had in the Russell 2000 since Q1 of 2022?
2. A: Nope
3. If anything, it means LESS pricing power (Revenues) and compressing margins for the companies (a smaller % than IWM has had historically) of Russell 2000 companies that actually make money
Timing matters, especially against the emotions of chasing crowds,