Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
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Yes, I trade around my short positions aggressively mainly because: A) I can ‘But, but… you’re bearish… and last week… and the Yield Curve callout yesterday…’ Yep, all true. But it’s also true that whatever you need/want me to be doesn’t matter. My positioning is what it is. It has nothing to do with my economic outlook (10s/2s just hit a new Cycle Low at -26bps this morning which is as bearish, economically, as bearish gets). |
